Also: Biden nominates Senate Banking Senior Counsel Otsuka to NCUA Board; NCUA finalizes financial innovation rule

September 22, 2023

Berger, Nussle highlight CU difference in WSJ letter to the editor ([link removed] )

NAFCU President and CEO Dan Berger and CUNA President and CEO Jim Nussle set the record straight on the credit union industry’s tax-exempt status and difference, combatting a recently published Wall Street Journal op-ed by Tax Foundation President Emeritus and Senior Policy Adviser Scott Hodge that had several inaccuracies and misleading claims.

President Biden nominates Otsuka to NCUA Board ([link removed] )

President Joe Biden Thursday nominated Tanya Otsuka to the NCUA Board, who would replace NCUA Board Member Rodney Hood as his term expired in August. The announcement came along with three others nominated to serve in his Administration.

NCUA Board approves financial innovation rule ([link removed] )

The NCUA Board held its September meeting yesterday where the board approved a final rule on financial innovation. The rule clarifies the NCUA’s regulations and allows credit unions more flexibility to use advanced technology for loan originations, indirect lending, and more.

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.

CFPB outlines proposals for FCRA rulemaking ([link removed] )

The CFPB Thursday announced an outline of proposals under consideration for the bureau’s rulemaking effort related to the Fair Credit Reporting Act (FCRA). NAFCU is engaged with regulatory and legislative efforts to ensure a fair and accurate credit reporting system.

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.

New BSA Blast highlights FinCEN notice, SARs ([link removed] )

A new edition of NAFCU’s BSA Blast is now available on the association’s website in its user-friendly digital format with direct links to each section. The third quarter issue features articles from NAFCU’s award-winning Compliance Team on payroll tax evasion and worker compensation fraud schemes, an overview on suspicious activity reports (SARs), and more.

Attendees bolster CU financial success at NAFCU’s CFO Summit ([link removed] )

NAFCU's CFO Summit concluded yesterday in Las Vegas, closing out a lineup of industry professionals and finance experts who shared actionable information, best practices, and insights into trends to help attendees meet their credit unions’ goals.

Existing home sales continue downward trend in August ([link removed] )

Existing home sales fell 0.7 percent in August to a seasonally-adjusted annual rate of 4.04 million units, representing a 15.3 percent decrease in sales versus a year ago. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report.

GLIA AD1 - 09152023 ([link removed] )

NAFCU CALENDAR ([link removed] )

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

OCT

1
CFPB - LIBOR ([link removed] )

Compliance Deadline

Take Our FREE Online Training Needs Assessment! ([link removed] )

Get your custom pricing and plan. NAFCU's Online Training Subscriptions grant your credit union’s entire team 24/7/365 access to invaluable online training resources.

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