Also: NAFCU adds Rep. Luetkemeyer to Caucus lineup; Reg CC deadline approaching
NAFCU TODAY | The News You Need Daily.
August 28, 2019
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Last chance to submit feedback on Fed in NAFCU’s annual survey [ [link removed] ]
This Friday is the last chance for credit unions to submit feedback and tell NAFCU staff about the strategic challenges they have been facing, including field of membership restrictions, technological innovations, cybersecurity threats and regulatory burdens.
Rep. Luetkemeyer added to list of NAFCU Caucus speakers [ [link removed] ]
NAFCU’s Congressional Caucus is only two weeks away from kicking off on Sept. 8 and the association is excited to announce the addition of House Financial Services Subcommittee on Consumer Protection and Financial Institutions Ranking Member Blaine Luetkemeyer, R-Mo., to the list of speakers.
Reg CC provisions to take effect next week [ [link removed] ]
Technical amendments to Regulation CC, including changes made by the Economic, Growth, Regulatory Relief and Consumer Protection Act (S.2155) which impact institutions located in U.S. territories, are set to become effective next week. The new rule, jointly published by the Federal Reserve and CFPB, does not implement adjustments to funds availability amounts until July 1, 2020.
Resources available for CUs in path of Tropical Storm Dorian [ [link removed] ]
As Tropical Storm Dorian gains strength in the Atlantic, the NCUA has urged credit unions in its path to be safe and take precautions. According to initial reports the storm is expected to hit Puerto Rico today and may reach Florida by this weekend.
Housing finance reform, fintech among top HFSC fall priorities [ [link removed] ]
Chairwoman Maxine Waters, D-Calif., late last week, announced the House Financial Services Committee's fall 2019 priorities, indicating that the committee will "continue its work to ensure fairness, competition, and transparency."
CFPB releases new credit card market report [ [link removed] ]
Yesterday, the Consumer Financial Protection Bureau (CFPB) released its biennial report on the state of the credit card market for 2017-2018, which found credit cards constitute the largest consumer lending market.
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