NAFCU, CUNA write to SBC ahead of oversight hearing

NAFCU and CUNA wrote to the Senate Banking Committee ahead of today’s oversight hearing of federal financial regulators, including NCUA Chairman Todd Harper. In the letter, the associations noted “[i]t is critical that the Committee understand the immense pressure credit unions–big and small–are under in terms of compliance and operational challenges,” and called on the committee to work with regulators to ensure credit unions can meet the needs of their 138 million members.

New Reg Alert details CFPB rule on nonbanks and fintechs as ‘larger participants’

NAFCU sent member credit unions a Regulatory Alert Monday detailing the CFPB’s published notice of proposed rulemaking that would designate certain nonbanks offering “general-use digital consumer payment applications” as larger participants subject to the agency’s supervisory jurisdiction.

CUs: Share feedback on NCUA exams

Credit unions have until tomorrow to provide insights into NCUA examinations via NAFCU’s Economic & CU Monitor survey, with additional questions on interchange related fees. NAFCU relies on survey responses to provide its members a glimpse of trends affecting the credit union industry and inform the association’s advocacy efforts on Capitol Hill and with regulators.

🥳 Back after a Sell-out Year!

Unlock next-level success for your credit union's growth at the 2024 Strategic Growth Conference in beautiful Savannah, GA, March 11 - 13. Hurry! This conference is selling quickly again this year!

CFPB, Fed release threshold adjustments

The CFPB Monday announced annual threshold adjustments related to the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Fair Credit Reporting Act (FCRA).