Last
chance to submit feedback on Fed in NAFCU’s annual survey
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
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
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.
Last week to
get $250 off board and compliance training
Use code SUMMER by 8/30/19
Resources
available for CUs in path of Tropical Storm Dorian
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
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
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.
