Also: New report details negative impact of interchange caps; Lawmakers tout CU difference, priorities at Caucus

September 14, 2023

Berger, FHFA’s Thompson discuss housing finance; NCUA’s Hauptman offers support for innovation ([link removed] )

Federal Housing Finance Agency (FHFA) Director Sandra Thompson joined NAFCU President and CEO Dan Berger for a fireside chat to discuss the housing finance system during the final day of NAFCU’s Congressional Caucus. Attendees also heard from NCUA Vice Chairman Kyle Hauptman who remarked on the special nature of the credit union industry.

New report details negative impact of interchange caps ([link removed] )

A new report from the Progressive Policy Institute (PPI) calls on Congress to rethink extending debit interchange restrictions to credit cards, highlighting that “there is considerable evidence that extending the Durbin Amendment to credit cards would not only fail to provide consumers with any savings, it could actually leave them worse off.”

Key lawmakers provide remarks on final day of NAFCU’s Congressional Caucus ([link removed] )

Sen. Bill Hagerty, R-Tenn., and Reps. Vicente Gonzalez, D-Texas, Bill Huizenga, R-Mich., Rep. Dan Kildee, D-Mich., and Juan Vargas, D-Calif., addressed attendees Wednesday to wrap up NAFCU’s 2023 Congressional Caucus.

🚩Closes 9/30 // Final Days To Register!

Sign up now for Regulatory Compliance School On-Demand ([link removed] ) . Registration closes on 9/30, with access through 12/1/2023. Earn your NCCO when you pass the optional exams!

FedNow panel touts innovation, safety of instant payments ([link removed] )

During Congressional Caucus Wednesday, NAFCU Senior Counsel for Research and Policy Andrew Morris moderated a panel discussion on the FedNow Service with key stakeholders who shared their perspective on the instant payments platform.

NAFCU reiterates opposition to CBDC ahead of hearing ([link removed] )

Ahead of today’s House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion hearing on the implications of a central bank digital currency (CBDC), NAFCU Vice President of Legislative Affairs Brad Thaler reiterated the association’s opposition to the currency’s development.

August’s inflation report ‘nudges FOMC towards a hawkish position’ ([link removed] )

On a seasonally-adjusted basis, overall consumer prices rose 0.6 percent in August, with the overall consumer price index (CPI) rising 3.7 percent year-over-year. NAFCU Economist Noah Yosif analyzed the data in a new Macro Data Flash report.

New on the Compliance Blog: CFPB UDAAP lawsuit, ‘pig butchering’ scams ([link removed] )

As credit unions work to meet the needs of more than 138 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.

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NAFCU CALENDAR ([link removed] )

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

SEPT

19 - 21
CFO Summit ([link removed] )

Las Vegas, NV

🎯 Online Compliance Training Subscriptions: ([link removed] ) For just one price, your entire credit union receives access to over 40 hot-topic compliance webinars per year, so your team can master challenges like BSA, data security, risk management, loss prevention, and more. Learn more ([link removed] ) .

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