Also: NAFCU kicks off MLI, monitoring several hearings this week; FinCEN proposes rule on CVC mixing

October 23, 2023

NAFCU, trades caution Fed on merchants’ interchange motives ([link removed] )

NAFCU and several other financial services industry groups wrote Federal Reserve Chair Jerome Powell ahead of Wednesday’s Federal Reserve Board meeting on debit card interchange fees and routing under Regulation II. The groups urged the Fed to reject merchant requests to make changes to the regulation and to consider the costs of the regulation on regulated entities and their customers.

This week: NAFCU kicks off Management and Leadership Institute, monitors several hearings ([link removed] )

Today, NAFCU kicks off its Management and Leadership Institute in Annapolis, Md. The intensive five-day program will prepare attendees to take their career to the next level and lead their credit union into the future. The association is also advocating against potential changes to debit interchange caps ahead of a Federal Reserve meeting Wednesday, in addition to keeping up efforts to fight the Credit Card Competition Act on the Hill.

FinCEN proposes rule for CVC mixing ([link removed] )

The Financial Crimes Enforcement Network (FinCEN) Thursday announced a notice of proposed rulemaking that would require financial institutions to report any activity involving convertible virtual currency (CVC) mixing. CVC mixing is a process that obscures the source of funds. FinCEN and the Office of Foreign Assets Control have increased scrutiny on CVC mixing in recent years.

Explore Our 2024 Conference Lineup

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

Learn More! ([link removed] )

167x300-priority-banner ([link removed] )

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

NOV

15
Successfully Managing the Bank Acquisition Process
([link removed] )

Webinar

JAN

4
Compliance Deadline: FinCEN - Beneficial Ownership Reporting Requirements ([link removed] )

Compliance Deadline

🎯 Get the Essential CU Knowledge and Training You Need!

Our online training subscriptions ([link removed] ) have industry experts covering the hottest topics in a fast, convenient way. Plus, they allow your entire credit union staff access to online training 24/7/365. Learn More! ([link removed] )

JOIN THE CONVERSATION:

LinkedIn ([link removed] )

Facebook ([link removed] )

Twitter ([link removed] )

YouTube ([link removed] )

Website ([link removed] )

NAFCU. 3138 10th St N Arlington, Virginia 22201

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

Update your email preferences ([link removed] ) to choose the types of emails you receive.

Received this message from a colleague? Provide your contact information to start receiving our emails ([link removed] ) .

Unsubscribe from all future emails ([link removed] ) .