Also: Mesack says CFPB’s advisory opinion ‘oversteps authority’; NCUA issues Letter to CUs as student loan payments resume

October 12, 2023

NAFCU, CUNA respond to ‘cherry picked’ data targeting CU overdraft ([link removed] )

In an op-ed published Wednesday by CU Times, NAFCU President and CEO Dan Berger and CUNA President and CEO Jim Nussle set the record straight on Aaron Klein’s recent article in POLITICO Magazine, highlighting his stunning lack of awareness on credit union overdraft protections.

Mesack: CFPB’s latest ‘guidance’ masks ‘major power grab’ ([link removed] )

The CFPB Wednesday released an advisory opinion for financial institutions it supervises – which includes credit unions with more than $10 billion in assets – to provide consumers with information about their accounts “in a timely manner” and without a fee. NAFCU Senior Vice President of Government Affairs Greg Mesack argued this approach “is another instance of the bureau overstepping its authority and masking a major power grab as simple ‘guidance.’”

NCUA issues guidance as student loan payments resume ([link removed] )

The NCUA Wednesday issued a Letter to Credit Unions flagging risk management considerations as student loan payment obligations resume. Federal student loan interest resumed Sept. 1, 2023, and payments restarted this month after being paused amid the pandemic.

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FOMC minutes indicate emerging differences among committee members ([link removed] )

The Federal Open Market Committee (FOMC) yesterday released minutes from its September meeting, revealing differences among committee members continue to grow.

New Compliance Blog provides update on state data privacy laws ([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. Of note, there was only one post published this week as NAFCU’s office was closed Monday in observance of the federal holiday.

NT Skyscraper 2023 ([link removed] )

NAFCU CALENDAR ([link removed] )

OCT

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Disability Management and Mental Health Issues in a Post Covid World ([link removed] )

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17
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OCT

31
Check Fraud - Who Bears the Risk? ([link removed] )

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Empower your growth and explore our upcoming 2024 conferences—especially as you plan for your training budget. Early bird savings have begun. Learn More. ([link removed] )

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