Also: NAFCU, CUNA outline CU priorities ahead of NCUA nominee hearing; NCUA Board meets today
October 19, 2023
Senate votes to block CFPB small biz data rule ([link removed] )
The Senate Wednesday passed a Congressional Review Act (CRA) resolution with bipartisan support aimed at blocking an overreaching CFPB rule related to small business lending data collection under section 1071 of the Dodd-Frank Act.
NAFCU, CUNA highlight CU priorities ahead of NCUA nominee hearing ([link removed] )
The Senate Banking Committee today is set to hear from NCUA Board nominee Tonya Otsuka, who has been nominated to replace current Board Member Rodney Hood as his term expired in August. Ahead of the nomination hearing, NAFCU and CUNA sent the committee an outline of key credit union issues to consider with Otsuka’s nomination.
NCUA Board set to meet today ([link removed] )
The NCUA Board will hold its October meeting today at 10 a.m. Eastern. The board is expected to discuss a notice of proposed rulemaking to amend and simplify its share insurance rules, as well as a proposal to enact the Fair Hiring in Banking Act. The board will also receive a cybersecurity update.
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Beige Book suggests ‘stable but weak’ long-term economic growth ([link removed] )
The Federal Reserve released its Beige Book Wednesday, revealing the near-term outlook for the economy was generally described as stable, or having slightly weak growth. Consumer spending was mixed, especially among general retailers and auto dealers, due to differences in prices and product offerings.
NAFCU’s St. John, Akin highlighted in CU Times ([link removed] )
A recent Credit Union Times article includes highlights of the professional accomplishments of NAFCU Director of Regulatory Compliance Nick St. John and Senior Regulatory Affairs Counsel James Akin who are among finalists for the 2023 Credit Union Times LUMINARIES Awards in the Rising Star category under Service and Technology Organizations.
New on the Compliance Blog: FinCEN civil penalty, CFPB advisory opinion ([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 every Monday and Wednesday.
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NAFCU CALENDAR ([link removed] )
OCT
23 - 27
Management and Leadership Institute ([link removed] )
Annapolis, MD
OCT
31
Check Fraud - Who Bears the Risk? ([link removed] )
Webinar
NOV
7 - 9
Lending Conference ([link removed] )
New Orleans, LA
JAN
4
Compliance Deadline: FinCEN - Beneficial Ownership Reporting Requirements ([link removed] )
Compliance Deadline
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