Also: CFPB report flags Reg E concerns among servicemembers; NAFCU raises CU issues with ON RRP, CBDC ahead of Fed testimony
June 21, 2023
Petros talks fintech, industry regulations, more with CU Times ([link removed] )
NAFCU Vice President of Regulatory Affairs joined CU Times Editor-in-Chief Michael Ogden yesterday to discuss fintechs, regulatory advocacy, and several other industry hot topics.
CFPB report on servicemembers highlights Reg E concerns ([link removed] )
The CFPB Tuesday issued its annual report on the top financial concerns facing military families. This issue highlights the growth of peer-to-peer (P2P) digital payment app usage in the servicemember community, the unique risks to military families from these services, and the potential abuse from bad actors.
NAFCU calls on Congress, Fed to address CU concerns ahead of hearing ([link removed] )
Today, Federal Reserve Chairman Jerome Powell will testify before the House Financial Services Committee during the first of two hearings on the Federal Reserve’s monetary policy. NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the committee ahead of the hearing to voice many of the association’s perspectives on the Fed’s Overnight Reverse Repo Facility (ON RRP), the development of a central bank digital currency (CBDC), and more.
Compliance Savings Ends Soon: Prices Increase After Friday 6/23!
Save $200.00 on NAFCU's 2023 BSA School ([link removed] ) and Risk Management Seminar ([link removed] ) , August 15 to 17 in Louisville. Join your peers for comprehensive training in the heart of the Bluegrass and get insights on the latest developments and technologies that impact your credit union and members. Hurry! In-person availability is limited.
Unable to attend in-person? Attend the BSA School On-Demand ([link removed] ) or Risk Management Seminar On-Demand ([link removed] ) at discounted rates without the need to travel.
CDFI Fund: NAFCU calls for accountability; reminder for report deadlines ([link removed] )
The Senate Banking Committee is set to markup legislation today, and one of the amendments filed is a NAFCU-sought requirement for the Community Development Financial Institutions (CDFI) Fund director to testify annually before Congress.
NAFCU raises robocalls, robotexts concerns ahead of FCC hearing ([link removed] )
A House Energy & Commerce subcommittee holds an oversight hearing of the Federal Communications Commission (FCC) today and lawmakers are expected to question commissioners on efforts to combat illegal robocalls. Ahead of the hearing, NAFCU sent a letter reiterating its support for rules aimed at targeting illegal and fraudulent robocalls, while also detailing concerns about their impact on credit unions.
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