Also: FOMC raises rates; NAFCU comments on PACE loan proposal
July 27, 2023
NAFCU provides CU perspective ahead of vote on CFPB small biz lending rule ([link removed] )
NAFCU Vice President of Legislative Affairs Brad Thaler Wednesday wrote to the House Financial Services Committee ahead of the second day of its scheduled markup of several measures to express support for the joint resolution disapproving of the CFPB’s small business lending data collection rule, as well as concerns with the Clarity for Payment Stablecoins Act.
FOMC hikes rates after July meeting ([link removed] )
The Federal Open Market Committee (FOMC) wrapped up its July meeting yesterday afternoon, during which the FOMC elected to hike the federal funds rate target within the range of 5.25 to 5.50 percent.
NAFCU writes to CFPB on PACE financing ([link removed] )
NAFCU Senior Regulatory Affairs Counsel James Akin wrote to the CFPB in response to a notice of proposed rulemaking that would impose ability-to-repay rules for Property Assessed Clean Energy (PACE) financing and apply the civil liability provisions of the Truth in Lending Act (TILA) for violations.
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Unlock comprehensive training from anywhere with NAFCU’s BSA School On-Demand ([link removed] ) . Hurry – starts soon!
View the Agenda! ([link removed] )
CFPB details UDAAP findings in new report ([link removed] )
In a new Supervisory Highlights report issued Wednesday, the CFPB detailed its unfair, deceptive, and abusive acts or practices (UDAAP) findings across consumer financial products, including auto lending, medical debt collection, and payday lending.
New on the Compliance Blog: FCU bylaw update, clarity on keeping a copy of IDs ([link removed] )
As credit unions work to meet the needs of more than 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.
New home sales fall in June ([link removed] )
New home sales fell 2.5 percent in June to 697,000 annualized units, while sales in May were revised down 48,000 units. Compared to last year, June’s sales were 23.8 percent higher. NAFCU Economist Noah Yosif analyzed the data in the Macro Data Flash report.
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([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
JULY
28
NCUA - Operating Fee Schedule Methodology ([link removed] )
Comments Due to NAFCU
AUG
4
Joint Agencies - Quality Control Standards for AVMs ([link removed] )
Comments Due to NAFCU
AUG
7
NCUA - MDI Preservation Program ([link removed] )
Comments Due to NAFCU
AUG
15 - 17
Risk Management Seminar ([link removed] )
Louisville, KY or On-Demand
Attend NAFCU’s Congressional Caucus ([link removed] ) and advocate for your members in Washington, D.C. this September. Learn more! ([link removed] )
Use code BEIMPACTFUL to claim your $200.00 discount by 8/11/23!
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