NAFCU,
CUs meet with Muzinich on economy, housing finance reform, more
Yesterday,
NAFCU and several member credit unions met at the Treasury Department with Deputy
Secretary Justin Muzinich to discuss results from the association's 2019
Annual Report on Credit Unions, data privacy, fintech, coronavirus, and regulatory
efforts related to housing finance reform.
TRID
FAQs on lender credits released
The CFPB Wednesday released a new set
of FAQs under the TILA-RESPA Integrated Disclosure (TRID) rule, specifically related
to lender credits. NAFCU has worked with the bureau to obtain more guidance for
credit unions and recently recommended areas of the rule to review.
BSA
Blast details hemp banking guidance, FinCEN on BSA issues
A new edition
of NAFCU's BSA Blast – in its user-friendly digital format with direct
links to each section – is now available on the NAFCU website. The February
issue takes a look at hemp banking guidance from various agencies and summarizes
Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco's latest
speech related to Bank Secrecy Act (BSA) issues.
Time is running out to enter!
Nominate your
CU for a NAFCU Annual Award by 2/28
NAFCU's
Kossachev to share CU perspective on TRACED Act
NAFCU Director of Regulatory
Affairs Ann Kossachev is set to speak on a panel today to discuss industry perspectives
on the implementation of the Telephone Robocall Abuse Criminal Enforcement and
Deterrence Act (TRACED Act). The TRACED Act, which was signed into law late last
year, expands the Federal Communications Commission's (FCC) enforcement authority
over violations of the Telephone Consumer Protection Act (TCPA).
America
Saves Week: State Department Federal Credit Union has resources for everyone
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, learn how State Department Federal
Credit Union's (Alexandria, Va.) financial planning and savings initiatives
help educate members through all stages of life
CFPB
symposium weighs pros, cons of consumer access to data
At yesterday's
CFPB's symposium focused on Section 1033 of the Dodd-Frank Act, bureau Director
Kathy Kraninger and panelists outlined the benefits of consumer access to financial
records while also cautioning possible consumer harm as a result of so much data collection and authorization.
NAFCU
offers support for improving access to small dollar mortgages ahead of markup
Ahead of the House Financial Services Committee's markup of seven bills,
which begins today, NAFCU Vice President of Legislative Affairs Brad Thaler offered
the association's support for a bill that would require the Federal Housing
Administration (FHA) to review and report on plans to remove barriers to small dollar mortgages.
New-home
sales surge, maintain annual growth
New-home sales were up 7.9 percent
from December's revised rate of 708,000 annualized units to 764,000 units
in January. NAFCU Chief Economist and Vice President of Research Curt Long noted
strong gains in the Midwest, Northeast and West made up for falling sales in the South.
