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

October 20, 2023

CFPB issues 1033 proposal on data rights, open banking

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

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

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! 

Learn More!

5 things to know this week

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

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.

NAFCU Online Training Subscriptions - NAFCU Today Ad 1
  NAFCU CALENDAR
OCT
23 - 27
Management and Leadership Institute
Annapolis, MD
OCT
31
Check Fraud - Who Bears the Risk?
Webinar
NOV
7 - 9
Lending Conference
New Orleans, LA
JAN
4
Compliance Deadline: FinCEN - Beneficial Ownership Reporting Requirements
Compliance Deadline

⚡ One of the fastest selling-conferences of the year is back in 2024! 

 

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, April 15 - 18, 2024, in Newport, RI. Secure Your Spot 

JOIN THE CONVERSATION:

LinkedIn
Facebook
Twitter
YouTube
Website

NAFCU. 3138 10th St N Arlington, Virginia 22201

You received this message because you are subscribed to NAFCU emails.

Update your email preferences to choose the types of emails you receive.

Received this message from a colleague? Provide your contact information to start receiving our emails.

 Unsubscribe from all future emails.