Also: Berger talks interchange, industry issues with American Banker; Morris touts flexibility, ability to serve in FOM testimony
June 8, 2023
NAFCU-opposed bill to expand interchange price controls introduced in Senate, House ([link removed] )
Yesterday, lawmakers in the Senate and House re-introduced legislation to extend the debit routing provisions of the 2010 Durbin Amendment to credit cards. The legislation closely mirrors the senators’ bill from last Congress, which NAFCU successfully kept from moving forward. NAFCU is fully engaged with members of Congress to highlight this deeply flawed policy.
Berger talks interchange, bank failures on American Banker ([link removed] )
NAFCU President and CEO Dan Berger joined American Banker reporter Frank Gargano yesterday to discuss interchange, the recent bank failures, and many other industry hot topics.
Morris touts flexibility, ability to serve at CU’s FOM hearing ([link removed] )
NAFCU Senior Counsel for Research and Policy Andrew Morris testified Wednesday during the NCUA’s first of its kind virtual public hearing on Dade County Federal Credit Union’s (DCFCU) request to expand its field of membership (FOM). Morris noted the “hearing and DCFCU’s application represent an important step towards putting modern and flexible field of membership expansion procedures into practice.”
GET CLOSER TO MEMBERS OF CONGRESS THAN ANYWHERE ELSE!
Don’t miss NAFCU’s Congressional Caucus ([link removed] ) this September 10 – 13, 2023 in Washington DC.
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Bill to stop Fed’s CBDC pilot program introduced ([link removed] )
Legislation to prohibit the Federal Reserve from exploring the creation of a central bank digital currency (CBDC) through a pilot program was introduced Wednesday by Rep. Alex Mooney, R-W.Va. While NAFCU is supportive of a clear regulatory framework for cryptocurrency and other financial technologies, the association has consistently opposed the creation of a CBDC.
New on the Compliance Blog: CFPB Reg Z order, BOD election ties ([link removed] )
As credit unions work to meet the needs of more than 135 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday and Wednesday.
TruStage CEO to retire ([link removed] )
TruStage President and CEO Bob Trunzo announced Wednesday he will retire from the organization Oct. 1. Trunzo started at the company, which was then CUNA Mutual Group, in 2005 and became president and CEO in 2014.
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SARs ([link removed] ) , CTRs ([link removed] ) , CIPs ([link removed] ) , CDDs ([link removed] ) , and more at NAFCU’s BSA School ([link removed] ) in Louisville, KY August 15 – 17, 2023 or On-Demand. Get the newest information on BSA's anti-money laundering requirements and save $200.00 on your Louisville registration with the code BSASAVINGS through 6/23.
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