Also: Money mule recruiting explained; NAFCU announces 2020 conference lineup



NAFCU TODAY | The News You Need Daily.

August 15, 2019



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NAFCU, DCUC team up to oppose NDAA lease provision [ [link removed] ]
NAFCU and the Defense Credit Union Council (DCUC) shared with lawmakers credit unions' concerns about requiring the Department of Defense (DoD) to treat big banks the same as a military installation's local, not-for-profit credit union when it comes to nominal leases on military bases.


Money mule recruiting tactics explained in Compliance Blog [ [link removed] ]
NAFCU Regulatory Paralegal Shari Pogach details romance fraud – the seventh most commonly reported scam to the FBI's Internet Crime Compliant Center (IC3) – in a new post on the Compliance Blog.


CUs: Add NAFCU's premier conferences to 2020 planning [ [link removed] ]
Budgeting season is underway and a key part of that process is planning for training opportunities that will bolster employees' understanding of credit union operations, industry trends and leadership skills. NAFCU offers conferences throughout the year – targeted to specific roles within a credit union and issues facing the industry – to provide the best education programs to take institutions to the next level.






FHA finalizes relaxed condo rule [ [link removed] ]
The Federal Housing Administration (FHA) Wednesday issued a final rule that would relax restrictions for agency-backed condominium loans to streamline the process and boost lending to first-time homebuyers. The rule, which would enable the Department of Housing and Urban Development (HUD) to meet current house needs, was first proposed in 2016.


NY Fed: Household debt exceeds peak reached in 2008 [ [link removed] ]
The Federal Reserve Bank of New York this week released second quarter data on household debt and credit that showed total household debt reached a new high of $13.86 trillion – $1.2 trillion (in nominal terms) more than the previous peak reached in the third quarter of 2008.


Hood provides update on supervision [ [link removed] ]
NCUA Board Chairman Rodney Hood Wednesday detailed ongoing efforts to modernize the dual-chartering and supervisory system, as well as to reduce credit unions' regulatory burdens. These coordinated efforts by the NCUA and state regulators are meant to ensure the safety, soundness, efficiency and innovativeness of the industry, Hood said.


Reg Compliance School continues with data security, TCPA [ [link removed] ]
NAFCU's Regulatory Compliance School continues today with a session exploring issues related to information privacy and data security, including the Gramm-Leach-Billey Act. Attendees will also get an in-depth review of the Telephone Consumer Protection Act (TCPA), an issue which NAFCU is working to obtain more clarity and guidance for credit unions.



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