NAFCU-opposed bill to expand interchange price controls introduced in Senate, House

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

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

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 this September 10 – 13, 2023 in Washington DC. 

• Get personal access to lawmakers and regulators. 
• Attend networking events, private meetings and presentations to form bonds that help policymakers trust your insight. 
• Fight for your members on Capitol Hill

Save $200.00 with code CAUCUSAVINGS for a limited time 

Bill to stop Fed’s CBDC pilot program introduced

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

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

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.