From NAFCU Today <[email protected]>
Subject Comment now on NCUA's second chance proposal
Date August 7, 2019 11:01 AM
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Also: $3M SCRA settlement in Compliance Blog; Responses due Friday on cybersecurity



NAFCU TODAY | The News You Need Daily.

August 7, 2019



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CUs: Comment now on revising convicted criminal hiring regs [ [link removed] ]
Using a new template that makes it easier for credit unions to learn about regulatory proposals and provide comments, NAFCU Tuesday sent a Regulatory Alert seeking feedback on the NCUA's proposed interpretive ruling and policy statement (IRPS) related to a section of the Federal Credit Union Act regarding convicted criminals.


Compliance Blog explores DOJ, Nissan MAC settlement [ [link removed] ]
Following the Department of Justice's (DOJ) announcement of a $3 million settlement with Nissan Motor Acceptance Corporation for alleged violations of the Servicemembers Civil Relief Act (SCRA), NAFCU's Brandy Bruyere reviews the settlement and answers questions on the SCRA specifically related to vehicle repossession in a new post on the Compliance Blog.


How are CUs addressing cyber risks? [ [link removed] ]
As cybersecurity risks continue to rise, NAFCU is seeking insight to how credit unions address these threats. Association-member credit unions can provide their feedback through this month's Economic & CU Monitor survey; responses are due Friday.






Fed president addresses monetary policy approach [ [link removed] ]
At a NAFCU-attended event Tuesday, Federal Reserve Bank of St. Louis President James Bullard provided more context around the Federal Open Market Committee's (FOMC) approach to monetary policy and the economic outlook, noting that &quot;U.S. monetary policy is considerably more accommodative today than it was as of late last year.&quot;



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