Corporate
CUs proposal includes NAFCU-sought changes
The NCUA Board Thursday
proposed a rule to amend the agency's corporate credit union rules, which
includes some NAFCU-sought changes. In addition, the board finalized the interagency
policy statement on the current expected credit loss (CECL) standard, received
briefings on the National Credit Union Share Insurance Fund (NCUSIF) and credit
union mortgage rates, and briefly discussed the agency's selling of the majority of its taxi medallion loan portfolio.
5
things CU leaders need to know
NAFCU's widely-read NAFCU Today
is credit union leaders' go-to source for the latest on issues impacting
the credit union industry. For those short on time, here's a roundup of this
week's top need-to-know news bits:
ICYMI:
New NAFCU resource page bolsters CUs' advocacy
As the only national
trade association focusing exclusively on federal issues affecting federally-insured
credit unions, NAFCU has launched a new resource page to provide credit unions
with a one-stop-shop for advocacy needs. Developed by NAFCU's team of experts,
these resources help credit unions understand the legislative and regulatory environment
and are great to print off and leave with offices during Capitol Hill visits.
See
what's new with data privacy legislation in latest Compliance Blog
Amid the focus on data privacy legislation, NAFCU Senior Regulatory Compliance
Counsel Elizabeth LaBerge aims to lessen credit unions' stress and confusion
in the latest Compliance Blog post with updates on several state-specific bills and pertinent resources.