CFPB comment period on late fees proposal expires today

The comment period for the CFPB’s proposed rule to lower credit card late fees expires today. Credit unions can still send letters today via NAFCU’s Grassroots Action Center directly to the bureau to share concerns about how the proposal will impact institutions and consumers.

NAFCU flags concerns about CFPB HMDA error notices

NAFCU Regulatory Affairs Counsel Dale Baker sent a letter to the CFPB outlining concerns about recent notices from the bureau to credit unions that some data in Home Mortgage Disclosure Act (HMDA) Loan/Application Registers (LARs) over the past three years may be invalid. Baker said the bureau’s expectations detailed in the notices “are wholly unreasonable.”

NAFCU’s annual Salary Comparison Report now available

NAFCU's annual Salary Comparison Report is now available for download exclusively for NAFCU-member credit union CEOs. The report, which utilizes data from the Bureau of Labor Statistics, has been updated with newly-released 2022 wage data and provides local salary information for financial institution jobs across the country.

NAFCU’s Annual Conference: Engage 2023
$200.00 savings with code ENGAGESAVINGS - Ends FRIDAY! 

Don’t miss this excellent opportunity for you to develop your entire leadership team. REGISTER TODAY! You'll explore sessions like these and so much more:

• The Evolution of the Workforce 
• Culture, Engagement, and Retention of Top Talent 
• Harnessing the Power of Data 
• Technology Trends Shaping CUs 
• Cybersecurity: Protecting Your Institution 

NAFCU-backed bill to require CFPB conduct cost-benefit analyses introduced in Senate

Sen. John Kennedy, R-La., introduced NAFCU-supported legislation to ensure the CFPB does not establish regulations that would result in unreasonable costs or harms to taxpayers, financial entities, or consumers. The Transparency in CFPB Cost-Benefit Analysis Act would require a thorough cost-benefit analysis for all rules proposed by the CFPB.