Also: Kentucky court halts enforcement of CFPB’s 1071 rule; Ecority extends GGRF interest period

September 18, 2023

This week: NAFCU defends CUs against interchange push, gov’t shutdown ([link removed] )

The House and Senate are busy on Capitol Hill this week as lawmakers try to secure agreements on funding measures ahead of a potential government shutdown at the end of the month. Notably, Sen. Roger Marshall, R-Kansas, has threatened to hold up the process by calling for a vote – either as a standalone or amendment to one of the funding packages – on his proposed big box bailout legislation.

Kentucky court halts 1071 enforcement until after SCOTUS decision ([link removed] )

A federal court in Kentucky delayed enforcement of the CFPB’s small business lending data reporting rule until the Supreme Court rules on the constitutionality of the bureau’s funding structure. The Supreme Court is scheduled to hear arguments for the case Oct. 3.

Ecority extends Greenhouse Gas Reduction Fund interest period ([link removed] )

Ecority, an independent nonprofit established to leverage and scale the $27 billion EPA-administered Greenhouse Gas Reduction Fund (GGRF), extended the deadline for credit unions to indicate their interest in supporting Ecority’s GGRF application through Friday, Sept. 22.

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.

2024 HMDA filing guide released ([link removed] )

The CFPB has released the filing instructions guide for data collected in 2024 – to be reported in 2025 – under the Home Mortgage Disclosure Act (HMDA). The guide breaks down the submission process, file specifications, data specifications, and edits that have been made from the 2023 guide.

Q2 CU trends reveal continued net worth growth ([link removed] )

NAFCU’s latest CU Industry Trends report showed the industry’s net worth ratio is up over 40 basis points from a year ago. Additionally, industry consolidation slowed in the second quarter while member and loan growth slowed slightly over the past three months.

GLIA AD1 - 09152023 ([link removed] )

NAFCU CALENDAR ([link removed] )

SEPT

19 - 21
CFO Summit ([link removed] )

Las Vegas, NV

SEPT

22
Understanding Credit Card Portfolio Sales & Agent Programs ([link removed] )

Webinar

SEPT

26 - 28
Regulatory Compliance & BSA Seminar ([link removed] )

Savannnah, GA or Virtual

SEPT

27
Financial Services Mega-Trends: Welcome to a Whole New World of Financial Services ([link removed] )

Complimentary Webinar

🎯 Get Ahead with Compliance Training Subscriptions! ([link removed] ) For just one price, your credit union gets 24/7/365 access to 40+ hot-topic compliance webinars per year—conquer BSA, data security, risk management and so much more. Learn now! ([link removed] )

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