Overdraft, credit card late fees on NCUA, CFPB rulemaking agendas

Federal agencies, including the NCUA and CFPB, have released their spring 2023 regulatory agendas. There are several NAFCU and credit union advocacy priorities included among the items, some of which have previously been introduced or included on previous rulemaking agendas.

NAFCU, trades maintain pressure against interchange bill

NAFCU and other financial services trade organizations are continuing to fight back against legislation to expand interchange price controls, highlighting the negative effects it would have on consumers, credit unions, and other financial institutions.

CUs: Access NAFCU’s FedNow resources ahead of launch

NAFCU has created a new webpage dedicated to assisting credit unions as they explore the Federal Reserve’s FedNow Service, which is set to launch in July. Credit unions are encouraged to utilize NAFCU’s free, on-demand webinar series to provide staff with a baseline understanding of FedNow.

GET LENDING’S LATEST TRENDS & BEST PRACTICES!

Attend NAFCU’s Lending Conference this November to connect with and learn from your credit union peers who’ve built prosperous lending portfolios. New Orleans has received accolades on travel lists, such as: 

• Tripadvisor: Travelers' Choice - Best of the Best, 2022 (#3 Top Destination for City Lovers) 

Save $200.00 with code LEND23SAVINGS for a limited time 

FOMC temporarily pauses rate hikes

The Federal Open Market Committee (FOMC) wrapped up its June meeting yesterday afternoon, during which the FOMC elected to maintain the federal funds rate target within the range of 5 to 5.25 percent.

New on the Compliance Blog: AI regulation, LIBOR transition’s impact on ARMs

As credit unions work to meet the needs of 137 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.