Also: FOMC holds rates for 2nd consecutive meeting; NAFCU offers support for ‘harmonization’ of cyber regs

November 2, 2023

NAFCU voices support for legislation to provide critical MBL cap relief for veterans ([link removed] )

NAFCU Vice President of Legislative Affairs Brad Thaler Wednesday wrote to the House Veterans’ Affairs Subcommittee on Economic Opportunity and Senate Banking Committee ahead of today’s hearings regarding veterans' economic and financial wellness. Thaler offered support for the Veterans Members Business Loan Act, which would exempt loans made to veterans from the credit union member business lending (MBL) cap and has been introduced in both chambers.

FOMC maintains rates for 2nd consecutive meeting ([link removed] )

The Federal Open Market Committee (FOMC) concluded its two-day meeting yesterday, where the committee maintained the target range for the federal funds rate between 5.25 to 5.5 percent for the second time.

NAFCU offers support for ‘harmonization’ of cyber regs ([link removed] )

NAFCU Senior Counsel for Research and Policy Andrew Morris sent a letter to Acting National Cyber Director Kemba Walden in support of “harmonization of cybersecurity regulations to reduce inconsistency and administrative burden for federally insured credit unions (FICUs).” The Office of the National Cyber Director (ONCD) issued a request for information on the topic.

👉 Begin your Comprehensive CU Compliance Journey now! 👈

Join your peers and industry experts in Arlington, VA, from March 18 - 22, 2024, at the 2024 Regulatory Compliance School ([link removed] ) . You can earn your NCCO certification and secure the 2024 CU Compliance Roadmap for your entire team!

What You'll Learn in Arlington ([link removed] )

Merger voting period closed ([link removed] )

The voting period for the proposed merger of CUNA and NAFCU closed Wednesday at 5 p.m. ET. Members and industry stakeholders will be notified of the results via email once ballot tallies are finalized by each organization’s independent ballot provider.

New Reg Alert details NCUA’s proposal to implement Fair Hiring in Banking ([link removed] )

NAFCU sent member credit unions a Regulatory Alert Wednesday detailing the NCUA’s proposed rule to implement provisions of the Fair Hiring in Banking Act and codify the Second Chance Interpretive Ruling and Policy Statement (IRPS). The association noted all federal credit unions would be impacted by the proposal, which would “allow persons convicted of certain crimes to be employed at credit unions without requesting a waiver from the Board.”

New on the Compliance Blog: Credit card agreement exceptions, HELOC disclosures ([link removed] )

As credit unions work to meet the needs of more than 138 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday and Wednesday.

NAFCU Online Training Subscriptions - NAFCU Today Ad 1 ([link removed] )

NAFCU CALENDAR ([link removed] )

NOV

7 - 9
Lending Conference ([link removed] )

New Orleans, LA

NOV

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

Webinar

DEC

1
CFPB - Personal Financial Data Rights (Section 1033)
([link removed] )

Comments Due to NAFCU

DEC

6
NCUA - Share Insurance Rule Amendment ([link removed] )

Comments Due to NAFCU

🎯 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] ) .