Also: Fed releases 2024 pricing schedule; CFPB fines Toyota Motor Credit $60M
November 21, 2023
NAFCU, trades call on CFPB to go through proper process for FCRA rulemaking ([link removed] )
In response to the CFPB’s release of an outline of proposals under consideration for the bureau’s rulemaking effort related to the Fair Credit Reporting Act (FCRA), NAFCU and other stakeholder groups urged the bureau to follow the proper process and issue an advance notice of proposed rulemaking (ANPR) before moving forward with a proposed rule.
Fed releases 2024 pricing schedule ([link removed] )
The Federal Reserve Board announced that the fee schedule for payment services provided by Federal Reserve Banks and used by depository institutions will go into effect Jan. 2, 2024.
CFPB fines Toyota Motor Credit $60M for illegal conduct ([link removed] )
The CFPB Monday ordered Toyota Motor Credit Corporation to pay a total of $60 million in consumer redress and penalties – $48 million to harmed consumers and $12 million into the CFPB’s victims relief fund. The bureau claimed the company “operated an illegal scheme to prevent borrowers from cancelling product bundles that increased their monthly car loan payments.”
🥳 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] )
NAFCU closed for Thanksgiving holiday ([link removed] )
NAFCU’s offices will be closed Wednesday through Friday for the Thanksgiving holiday. Credit union members will still have access to the association’s website for resources as well as regulatory and legislative updates on key issues.
BOD24_Skyscraper_1 ([link removed] )
NAFCU CALENDAR ([link removed] )
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
DEC
5
Grounded perspectives on Generative Artificial Intelligence (AI) and Credit Unions ([link removed] )
Complimentary Webinar
DEC
6
NCUA - Share Insurance Rule Amendment ([link removed] )
Comments Due to NAFCU
💰 Use your remaining 2023 budget to attend Regulatory Compliance School in the Spring!
Join your compliance peers in Arlington, VA, March 18 – 22 for 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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Learn more ([link removed]) about the merger to form America's Credit Unions
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