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.
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.
In honor of National Compliance Officer Day, NAFCU is highlighting the various educational offerings, compliance assistance, and resources available for credit union compliance professionals.
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.
