Also: FHFA makes NAFCU-sought change in credit score models rule; Suggestions for Fed's real-time payments service



NAFCU TODAY | The News You Need Daily.

August 14, 2019



----------

----------

NCUA proposals focus of Harper, Berger meeting [ [link removed] ]
NCUA Board Member Todd Harper was at NAFCU headquarters Tuesday meeting with NAFCU President and CEO Dan Berger on a number of credit union priorities, including updates to the federal credit union bylaws, payday alternative loans (PALs) and subordinated debt – all three of which were included on the NCUA's spring rulemaking agenda.


NAFCU-sought change in final rule on credit score models [ [link removed] ]
The Federal Housing Finance Agency (FHFA) issued a final rule Tuesday to evaluate new credit scoring models for use by the government-sponsored enterprises (GSEs) that includes a NAFCU-sought change to encourage competition by allowing more developers to submit models for consideration.


What do CUs want in Fed's real-time payments service? [ [link removed] ]
NAFCU Tuesday sent a Regulatory Alert to member credit unions seeking feedback on the Federal Reserve's FedNow Service – a real-time gross settlement service that will feature integrated clearing functionality designed to process individual payments within seconds.






Law enforcement, FBI discuss BSA compliance with CUs [ [link removed] ]
Law enforcement leaders and agents from the FBI are in Minneapolis today at NAFCU's Bank Secrecy Act (BSA) Seminar to discuss firsthand how sophisticated criminals get away with money laundering schemes and typical investigation methods. The seminar concludes today.


Mortgage rules, military lending at Reg Compliance School [ [link removed] ]
NAFCU's Regulatory Compliance School continues today with sessions focused on various lending issues related to mortgages, servicemembers, discrimination and more. Those working to become a NAFCU Certified Compliance Officer (NCCO) will also take the second of four exams to earn the prestigious designation.


Rate cut questionable based on inflation, says NAFCU economist [ [link removed] ]
On a seasonally-adjusted basis, overall consumer prices increased 0.3 percent in July, with the Bureau of Labor Statistics reporting that the overall consumer price index (CPI) grew 1.8 percent over the 12-month period. NAFCU Chief Economist and Vice President of Research Curt Long, in a new Macro Data Flash report, noted that "core inflation reached its highest level since the end of 2018."



----------



----------

[link removed]




----------
NAFCU Calendar: [link removed]





----------








--------------------------------------------

JOIN THE CONVERSATION:
LINKEDIN: [link removed]
FACEBOOK: [link removed]
TWITTER: [link removed]
YOUTUBE: [link removed]
BLOGS: [link removed] ]
---------------------------------------------
Send feedback [ mailto:[email protected] ]
Subscribe now to NAFCU Today [ [link removed] ]
Opt out of NAFCU Today