Also: Board meeting, budget briefing on NCUA agenda today; New CUPP episode, Compliance Blog explore financial innovation rule
November 16, 2023
Hill updates: Senate sends CR to Biden, lawmakers remind FI regulators of mission ([link removed] )
After the House Tuesday passed another continuing resolution (CR), the Senate followed suit and passed the CR Wednesday night. The legislation provides two staggered deadlines to fund the government early next year: military construction, veterans’ affairs, transportation, housing, and the Energy Department would be funded until Jan. 19, 2024, while the rest of the government would be funded until Feb. 2.
Board meeting, budget hearing on NCUA’s agenda today ([link removed] )
The NCUA Board is scheduled to hold a public hearing on its 2024-2025 proposed budget today at 2 p.m. Eastern. NAFCU Vice President of Research and Chief Economist Curt Long will provide testimony at the hearing.
New NAFCU resources available breaking down the NCUA’s financial innovation rule ([link removed] )
Credit unions can now access a new episode of the Credit Union Policy Podcast (CUPP) and the latest post on the NAFCU Compliance Blog, which both break down the NCUA’s financial innovation rule. The rule clarifies the NCUA’s regulations and allows credit unions more flexibility to use advanced technology for loan originations, indirect lending, and more. It was finalized at the agency’s September board meeting.
🥳 Back after a Sell-out Year!
Unlock next-level success for your credit union's growth at the 2024 Strategic Growth Conference ([link removed] ) in beautiful Savannah, GA, March 11 - 13. Hurry! This conference is selling quickly again this year!
Growth Strategies in Savannah ([link removed] )
CFPB levies $15M fine on Enova ([link removed] )
The CFPB Wednesday announced it had ordered Enova International Inc., an online lending company, to pay $15 million for illegal conduct. The bureau claimed Enova had engaged in “withdrawing funds from customers’ bank accounts without their permission, making deceptive statements about loans, and cancelling loan extensions.” Enova was fined $3.2 million in 2019 for similar conduct.
October retail sales decline for 1st time since March ([link removed] )
Total retail sales increased 0.1 percent in October, compared to a 0.9 percent increase in September. NAFCU Vice President of Research and Chief Economist Curt Long analyzed the report in a new NAFCU Macro Data Flash report.
167x300-3-titles-2 (1) ([link removed] )
NAFCU CALENDAR ([link removed] )
NOV
16
The Benefits of Benchmarking your Credit Union’s 401(k) Plan ([link removed] )
Complimentary Webinar
NOV
16
Cybersecurity Incidents - When and How to Report to NCUA ([link removed] )
Webinar
NOV
22
NCUA - Fair Hiring in Banking ([link removed] )
Comments Due to NAFCU
DEC
1
CFPB - Personal Financial Data Rights (Section 1033) ([link removed] )
Comments Due to NAFCU
📣 Registration is open for our next Regulatory Compliance School!
Join your peers and learn from experts in Arlington, VA, March 18 - 22, 2024, at the 2024 Regulatory Compliance School ([link removed] ) . Plus, earn your NCCO certification when you pass the optional exams! CU Compliance from A to Z ([link removed] ) .
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