Luetkemeyer
introduces NAFCU-supported CFPB commission bill
House Financial Services
Committee Member Blaine Luetkemeyer, R-Mo., Thursday introduced NAFCU-supported
legislation that would reform the CFPB's governance structure from a single
director to a bipartisan commission. NAFCU has consistently advocated that the
bureau's leadership structure should be reformed to a commission-based model
to ensure transparency and accountability.
4
things CU leaders need to know
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 news bits.
Congress
passes emergency coronavirus funding
As the Centers for Disease Control
and Prevention (CDC) releases critical resources and updates on the spread of
the coronavirus – also being referred to as COVID-19 – Congress has passed
a $8.3 billion emergency funding bill to fight the spread of the disease across
the U.S. NAFCU is continuing to closely track the situation and encourages its
members to follow government updates to stay informed and safe.
Time is running out to enter!
LAST DAY to Nominate your CU for a NAFCU Annual Award
Tips
for handling stop payment orders in new Compliance Blog post
In the
latest post on the Compliance Blog, NAFCU Senior Regulatory Compliance Counsel
Jennifer Aguilar outlines steps and precautions credit unions should consider
when handling stop payment requests from their members.
CU membership surpasses 120M
Membership at federally-insured credit unions reached 120.4 million – representing
3.6 percent growth over the year – according to the NCUA's fourth quarter
call report data. In addition, assets rose $113 billion over the year and ended the fourth quarter at $1.57 trillion.
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