From NAFCU Today <[email protected]>
Subject What the CFPB’s PACE proposal means for CUs
Date May 12, 2023 11:12 AM
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Also: 5 things CU CEOs need to know from this week

May 12, 2023

NAFCU breaks down CFPB’s announcement on PACE loans ([link removed] )

NAFCU sent members a Regulatory Alert Thursday highlighting the CFPB’s notice of proposed rulemaking seeking to prescribe ability-to-repay rules for Property Assessed Clean Energy (PACE) financing. While credit unions do not offer residential PACE financing, they are negatively impacted when PACE-financed improvements impose a superior lien on a property with a preexisting mortgage. The potential implications of regulating PACE financing under the Truth in Lending Act (TILA) could include greater consumer protections and increased transparency in affordability.

5 things to know this week ([link removed] )

NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.

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MAY 1 -

SEPT 30

Regulatory Compliance School On-Demand ([link removed] )

An On-Demand Event

MAY

17 - 19
CEOs and Senior Executives Conference ([link removed] )

Charleston, SC

MAY

23
Explore Benefits and Instant Payments Use Cases for Your Credit Union ([link removed] )

Complimentary Webinar

MAY

23
Maintain Your Edge by Helping Members Feel More Financially Supported ([link removed] )

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MAY

25
Regulation E Compliance and Unauthorized Activity ([link removed] )

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MAY

30
CFPB - Data Brokers ([link removed] )

Comments Due to NAFCU

JUNE

6
Avoiding and Resolving Harassment Claims: A Primer for Board Members ([link removed] )

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27 - 30
Engage 2023: NAFCU's Annual Conference ([link removed] )

Long Beach, CA

NAFCU’s ANNUAL CONFERENCE: ENGAGE 2023 ([link removed] )

June 27 – 30

Don’t miss this excellent development opportunity for you to develop your entire leadership team. You’ll explore sessions like these and more:

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

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