Also: NAFCU's advocacy team touts CU difference on Hill; Fed triennial study offers insights into payments trends
April 24, 2023
This week: Lawmakers to tackle debt ceiling, digital assets, SBA rules, more ([link removed] )
Congress is in session this week and the House is expected to take up legislation to address the debt ceiling. House Speaker Kevin McCarthy, R-Calif., last week released the bill, which calls for a $130 billion cut in upcoming fiscal year spending in exchange for raising the limit. NAFCU will monitor discussions and advocate for credit union priorities to be fully funded.
NAFCU touts CU difference on Capitol Hill ([link removed] )
NAFCU’s award-winning advocacy team was on Capitol Hill Friday briefing legislative staff members on the credit union difference, including basics on structure, share insurance, regulatory oversight, industry priorities, and how credit unions are committed to serving their 135 million members.
Fed releases initial insights into payments study ([link removed] )
The Federal Reserve Friday issued initial insights from the 2022 Federal Reserve Payments Study – a triennial review of payments data from 2018-2021. Of note, the value of core noncash payments increased 9.5 percent per year over the period – the fastest rate than in any previous study measurement period since 2000.
Earn your NAFCU Certified Credit Union Officer (NCCO) from your home or office! ([link removed] )
Sign up for Regulatory Compliance School On-Demand ([link removed] ) and earn your NCCO when you pass the optional exams. Sessions, led by CU industry experts, go in-depth on the regulations and obligations that CUs must comply with. School begins in mid-May and will be available until December 1, 2023. View the full lineup of agenda topics ([link removed] ) .
FSOC proposes financial stability framework, guidance for nonbank supervision ([link removed] )
The Financial Stability Oversight Council (FSOC) – which includes leaders from financial agencies, including NCUA Chairman Todd Harper – met Friday and unanimously approved issuing for public comment a proposed analytical framework for financial stability risks, as well as proposed interpretive guidance on supervision and enhanced prudential standards for certain nonbank financial companies.
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([link removed] ) HTML tutorial ([link removed] )
NAFCU CALENDAR ([link removed] )
APR
25
Expanding Your Credit Union's Reach: Strategies for Driving Personal Loan Growth with AI ([link removed] )
Complimentary Webinar
APR
26
The Critical First Hours: Modernizing Cyber Recovery and Resilience ([link removed] )
Complimentary Webinar
APR
27
Confidentiality, Collegiality and Collaborative Decision-Making: An Effective Board of Directors ([link removed] )
Webinar
MAY
2
Building Sound Hedging Strategies: Fundamentals and Best Practices to Manage Volatility ([link removed] )
Complimentary Webinar
MAY
17 - 19
CEOs and Senior Executives Conference ([link removed] )
Charleston, SC
MAY
30
CFPB - Data Brokers ([link removed] )
Comments Due to NAFCU
Ransomware ([link removed] ) , Cannabis Banking ([link removed] ) , OFAC ([link removed] ) , Kleptocracy & PEPs ([link removed] ) and more!
Join your peers in Louisville, KY August 15 – 17, 2023 to hear the newest tips and information on BSA's anti-money laundering requirements at NAFCU’s BSA School ([link removed] ) Save $200.00 with the code BSASAVINGS when you sign up.
View the agenda ([link removed] )
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