Also: FOMC holds economic symposium; NAFCU-sought changes offered to disparate impact standard
NAFCU TODAY | The News You Need Daily.
August 19, 2019
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New members bolster NAFCU heading into Caucus [ [link removed] ]
NAFCU consistently works to set the record straight on the differences between credit unions and banks as the banking industry continues to lobby to have their requirements relaxed while trying to put the requirements on credit unions. At this year's Congressional Caucus, NAFCU will be heading to Capitol Hill with hundreds of credit union executives and volunteers, ensuring the industry's voice is heard.
This week: FOMC holds annual retreat, NAFCU maintains advocacy push [ [link removed] ]
The Federal Open Market Committee (FOMC) – the Fed's monetary policy-setting arm – is set to meet in Jackson Hole, Wyo., for its annual retreat this week while lawmakers remain in their home districts and states as the August recess continues.
HUD releases revisions to 'disparate impact' standard [ [link removed] ]
The Department of Housing and Urban Development (HUD) released a proposed rule to amend the Fair Housing Act's "disparate impact" standard. The proposed rule provides more guidance on what constitutes unlawful disparate impact and aligns the process more closely with a 2015 Supreme Court decision, changes for which NAFCU had advocated.
Hood: NCUA monitoring hemp banking issues [ [link removed] ]
NCUA Board Chairman Rodney Hood acknowledged the uncertainty around providing financial services to hemp farmers and processors, noting that the agency is consulting with the Financial Crimes Enforcement Network (FinCEN) and other federal banking regulators on possible guidance.
When are credit scores required on adverse action notices? [ [link removed] ]
In a follow-up to a previous Compliance Blog post, NAFCU Regulatory Compliance Counsel Loran Jackson details when a credit union must include a credit score on an adverse action notice.
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