Also: Berger talks CU advocacy, mission on podcast; Mesack provides latest updates from Washington in new video
June 1, 2023
Debt deal passes House, moves to Senate ([link removed] )
The House last night passed the debt ceiling deal 314-117, which would suspend the ceiling through the end of 2024, address work requirements for certain government assistance programs, revise energy project permitting, claw back some COVID relief funds and IRS funding, place spending caps, and restart student loan repayments. It now heads to the Senate for approval.
Berger highlights CU involvement in communities, charities on leadership podcast ([link removed] )
On a new episode of the SEE YOU LEAD podcast, NAFCU President and CEO Dan Berger joined host Glynn Frechette to talk fintechs, credit union involvement in communities and charities, supporting servicemembers and more.
Watch: NAFCU’s Mesack provides need-to-know insights from May ([link removed] )
In May, NAFCU fought banker attacks on the credit union tax exemption with an op-ed from the association’s President and CEO Dan Berger, a letter to Congress from Senior Vice President of Government Affairs Greg Mesack, and more.
Get the new 2023 Credit Union Compliance Roadmap for your ENTIRE CU!
The 2023 Credit Union Compliance Roadmap ([link removed] ) simplifies complex CU regulations into easy-to-understand language. Updates include NCUA supervisory priorities for 2023, revised regulatory thresholds, the CUGMA proposed rule, and more. Get this best-selling electronic manual for everyone at your CU with just one purchase. NAFCU members save $100.00!
Read a portion of Regulation CC for free! ([link removed] )
Fed’s Beige Book reveals little change in economic activity ([link removed] )
The Federal Reserve released its Beige Book yesterday, revealing economic activity had little change overall in April and early May. In addition, consumer expenditures were steady or higher in most districts.
Insight post provides info on amendments to Florida’s ‘mini-TCPA’ ([link removed] )
In a new post on NAFCU’s Compliance, Risk, & BSA Network, Regulatory Affairs Counsel Dale Baker details new amendments to the Florida Telephone Solicitation Act (FTSA) that materially narrow the FTSA’s scope, leaving room for an increase in the variety, volume, and frequency of robocalls and robotexts.
CFPB orders installment lender to pay $20M ([link removed] )
The CFPB Wednesday ordered OneMain Financial, an installment lender, to pay $20 million in redress and penalties related to deceptive sales practices. The bureau said the lender “expected its employees to upsell borrowers on every loan. Employees were incentivized to push more products, and company training materials directed them to upsell them even when consumers had already declined the products on previous loans.”
NCUA issues 1 prohibition notice in May ([link removed] )
The NCUA issued one prohibition notice in May, prohibiting the individual previously associated with credit unions from any future participation in the affairs of a federally-insured depository institution.
Caucus23_Skyscraper3 ([link removed] )
Elevate your credit union’s story.
Share it with #NAFCUNation
([link removed] ) HTML tutorial ([link removed] )
NAFCU CALENDAR ([link removed] )
MAY 1 -
SEPT 30
Regulatory Compliance School On-Demand ([link removed] )
An On-Demand Event
JUNE
6
Avoiding and Resolving Harassment Claims: A Primer for Board Members ([link removed] )
Webinar
JUNE
8
Driving Low-Cost Deposits and Optimizing Retail Performance ([link removed] )
Complimentary Webinar
JUNE
12
NCUA - Climate-Related Financial Risk ([link removed] )
Comments Due to NAFCU
JUNE
14
Collateral Protection Insurance – Adapting to Changing Market Dynamics ([link removed] )
Complimentary Webinar
On-Demand Option Just Announced for NAFCU’s BSA School ([link removed] )
SARs ([link removed] ) , CTRs ([link removed] ) , CIPs ([link removed] ) , CDDs ([link removed] ) , and more at NAFCU’s BSA School August 15 – 17, 2023 in Louisville, KY or On-Demand ([link removed] ) . Get the newest information on BSA's anti-money laundering requirements and save $200.00 with the code BSASAVINGS on the Louisville experience for a limited time. View the agenda. ([link removed] )
JOIN THE CONVERSATION:
LinkedIn ([link removed] )
Facebook ([link removed] )
Twitter ([link removed] )
YouTube ([link removed] )
Website ([link removed] )
NAFCU. 3138 10th St N Arlington, Virginia 22201
You received this message because you are subscribed to NAFCU emails.
Update your email preferences ([link removed] ) to choose the types of emails you receive.
Received this message from a colleague? Provide your contact information to start receiving our emails ([link removed] ) .
Unsubscribe from all future emails ([link removed] ) .
