CUs:
Comment now on revising convicted criminal hiring regs
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
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?
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.
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Fed
president addresses monetary policy approach
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 "U.S. monetary policy is considerably
more accommodative today than it was as of late last year."
