Also: NCUA Board moves forward with two proposed rules; Otsuka talks keeping CUs competitive during nomination hearing

October 20, 2023

CFPB issues 1033 proposal on data rights, open banking ([link removed] )

The CFPB Thursday issued a proposed rule to implement section 1033 of the Dodd-Frank Act related to personal financial data rights. The proposal would require financial institutions and others to share information – at a customer’s request and at no cost – with other businesses that offer competing products.

NCUA Board moves forward with two proposed rules ([link removed] )

The NCUA Board held its October meeting yesterday. The board unanimously approved issuing a pair of proposed rules to simplify insurance rules and implement the Fair Hiring in Banking Act.

NCUA Board nom stresses importance of CUs remaining competitive in the marketplace ([link removed] )

The Senate Banking Committee Thursday heard directly from NCUA Board nominee Tanya Otsuka, who has been nominated to replace current Board Member Rodney Hood as his term expired in August. During the hearing, Otsuka outlined her priorities should she be confirmed to the NCUA Board and stressed the importance of the NCUA as an independent regulator.

Explore Our 2024 Conference Lineup

Ignite your advancement: stay ahead of the game and power your credit union's success. Early bird savings available!

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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.

Existing home sales fell in September as rates rose ([link removed] )

Existing home sales fell 2 percent in September to a seasonally-adjusted annual rate of 3.96 million units, representing a 15.4 percent decrease in sales versus a year ago. NAFCU Research Analyst John Hay broke down the report in a new NAFCU Macro Data Flash report.

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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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Thoroughly understand your financial obligations and gain a deeper insight into your vital role at NAFCU’s 2024 Board of Directors and Supervisory Committee Conference ([link removed] ) , April 15 - 18, 2024, in Newport, RI. Secure Your Spot ([link removed] )

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