Updates on cannabis banking, CFPB settlement, Fed confirmations; CFPB releases report on big tech, mobile payments
September 8, 2023
NAFCU offers support for bill to make homebuying more affordable ([link removed] )
NAFCU Vice President of Legislative Affairs Brad Thaler sent letters to the House and Senate Thursday in support of the bipartisan Homes for Every Local Protector, Educator, and Responder (HELPER) Act. The legislation would create a home loan program for first-time homebuyers within the Federal Housing Administration (FHA) to make homeownership more affordable for law enforcement officers, firefighters, EMTs, paramedics, and preK-12 teachers.
5 things to know this week ([link removed] )
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 updates and resources.
CFPB releases report on big tech in mobile payments ([link removed] )
The CFPB Thursday released a report highlighting the impact Apple and Google have on the mobile payment ecosystem. According to the report, “restrictions imposed by the dominant operating systems – Apple’s iOS operating system and Google’s Android operating system – will have an outsized effect on access to payments systems and may hinder the development of a truly open ecosystem.”
Final Days To Register For One Of The🔥Hottest🔥Conferences Of The Year!
Register now for the Virtual Regulatory Compliance & BSA Seminar ([link removed] ) , happening September 26 – 28. You’ll attend virtually, in real-time, with the in-person attendees.
CUs see assets, lending rise in Q2 ([link removed] )
Federally-insured credit unions (FICUs) saw a rise in total assets, outstanding loans, and membership during the second quarter of 2023, according to NCUA call report data. NCUA Chairman Todd Harper acknowledged the credit union industry is “generally well positioned,” but cautioned credit unions to stay alert because of the “rise in delinquency rates and charge offs and a slight decline in insured shares.”
CUs: Join movement to access Greenhouse Gas Reduction Fund grants ([link removed] )
NAFCU Vice President of Regulatory Affairs Ann Petros Thursday alerted credit unions to the opportunity to participate in the Greenhouse Gas Reduction Fund (GGRF) via a partnership between NAFCU and Ecority, an independent nonprofit established to leverage and scale the $27 billion EPA-administered GGRF, in new posts on the NAFCU Networks.
NCUA hosting consumer compliance webinar ([link removed] )
The NCUA announced it is hosting a webinar Sept. 27 at 2 p.m. Eastern to discuss “a range of consumer compliance and fair lending topics.”
1156836133_Indirect-lending-new-generation_DIGITAL_v3_167x300 ([link removed] )
NAFCU CALENDAR ([link removed] )
SEPT
8
Regulators Scrutinizing So Called "Junk" Fees
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Webinar
SEPT
10 - 13
Congressional Caucus ([link removed] )
Washington, D.C.
SEPT
11 - 12
Large CU Summit ([link removed] )
Washington, D.C. or Virtual
SEPT
14
How AMOCO FCU is optimizing their portfolio in challenging times
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Complimentary Webinar
Elevate Your Lending Expertise at NAFCU'S Lending Conference ([link removed] )
NEW breakout sessions will focus on cutting-edge commercial lending strategies and best practices! View the recently released agenda ([link removed] ) and register today ([link removed] ) .
Save $200.00 with code LEND23SAVINGS through 9/15/23
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