Also: Ahead of SCOTUS case, see how CUs view CFPB’s efforts; Access NAFCU’s award-winning compliance resources
September 26, 2023
NAFCU warns lawmakers of potential reg overreach in cannabis banking bill ([link removed] )
Ahead of tomorrow’s markup of the Secure and Fair Enforcement Regulation (SAFER) Banking Act, NAFCU sent a letter to the Senate Banking Committee highlighting some potential revisions to the bill to provide greater clarity and certainty to credit unions and other financial institutions looking to provide services to marijuana-related businesses (MRBs) in states that have legalized marijuana.
ICYMI: CUs feel impact of CFPB’s War on Main Street ([link removed] )
As the U.S. Supreme Court gets ready to hear oral arguments next week in a case challenging the constitutionality of the CFPB’s funding structure, recent responses to a NAFCU-member survey demonstrate the bureau’s misguided war on Main Street. Notably, 60 percent of respondents do not think the bureau acts with consumers’ best interests in mind.
CUs: Utilize award-winning compliance assistance, resources ([link removed] )
In honor of National Compliance Officer Day, NAFCU is highlighting the various educational offerings, compliance assistance, and resources available for credit union compliance professionals.
💡 Take Our FREE Online Training Needs Assessment ([link removed] ) and Get Your Custom Pricing!
NAFCU's Online Training Subscriptions ([link removed] ) give your credit union’s entire team 24/7/365 access to invaluable online training resources.
Subscribe Today! ([link removed] )
NCUA releases updated CECL tool ([link removed] )
The NCUA Monday announced the latest updates to its simplified current expected credit losses (CECL) tool. The update includes the latest life-of-loan, or Weighted Average Remaining Maturity, factors, and other enhancements.
RCSOD_NT Skyscraper Ad ([link removed] )
NAFCU CALENDAR ([link removed] )
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
OCT
4
Unlocking Potential: Harnessing Loan Participations for Optimal Balance Sheet Management ([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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NAFCU. 3138 10th St N Arlington, Virginia 22201
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