NCUA
set to begin NAFCU-requested guidance review
The NCUA will conduct
a comprehensive review of its guidance letters and legal opinions to determine
if they are still needed in today's regulatory climate, NCUA Chairman Rodney
Hood announced yesterday. NAFCU has long requested that the agency update outdated
guidance, and the association was quick to share its support for the NCUA’s new initiative.
NAFCU
talks data privacy, GLBA safeguards with FTC
Yesterday, NAFCU Director
of Regulatory Affairs Ann Kossachev, Senior Regulatory Counsel Elizabeth LaBerge,
and Regulatory Affairs Counsel Mahlet Makonnen met with the Federal Trade Commission's
Bureau of Consumer Protection, Division of Privacy and Identity Protection to
discuss data privacy and safeguards under the Gramm-Leach-Bliley Act (GLBA), among other things.
ECU
Monitor: CUs considering subordinated debt; CUSI earning index plunges
The February edition of NAFCU's Economic & CU Monitor report – now
available for download – found that only 16.7 percent of respondents were more
likely to consider purchasing subordinated debt under enhanced disclosure requirements.
The NCUA Board moved forward with a proposed rule that would expand credit unions'
ability to issue subordinated debt during its January meeting.
Time is running out to enter!
Nominate your CU for a NAFCU Annual Award by 2/28
America
Saves Week: Franklin Mint sets children up for financial success
As
part of America Saves Week, NAFCU is highlighting the efforts of member credit
unions with strong financial education programs that encourage members to save
and strengthen their personal finances. Today, see how Franklin Mint Federal Credit
Union (Chadds Ford, Pa.) is preparing younger generations to successfully handle finances.
Today:
NAFCU's Schafer, Morris at CFPB event on consumer access to data
NAFCU's Kaley Schafer and Andrew Morris today will be at the CFPB for its
fourth symposium in a series focused on addressing issues facing financial institutions
and consumers. Today's event will review Section 1033 of the Dodd-Frank Act
related to consumer access to financial records.
MDIs,
financial inclusion focus of upcoming NCUA events
As the NCUA works
to promote diversity, equity, and inclusion (DEI) in the credit union industry,
the agency is hosting two upcoming events focused on these issues: A Minority
Depository Institution (MDI) Forum March 3-4, and a financial inclusion webinar March 11.
