Also: Berger's push back on postal banking proposal featured in Morning Money; New CFPB program will give CUs clarity
NAFCU TODAY | The News You Need Daily.
August 21, 2020
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Appeals court: FCUs can file suit in federal court [ [link removed] ]
In a win for federal credit unions, the U.S. Court of Appeals for the Fourth Circuit overturned a lower-court decision and determined that they have diversity jurisdiction to file a federal lawsuit. NAFCU filed an amicus brief in support of Navy Federal Credit Union as the credit union appealed the lower court's decision.
4 things to know this week [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know news related to postal banking, the Democratic National Convention, and more.
NAFCU: New CFPB program will provide clarity to CUs [ [link removed] ]
Following the CFPB's launch of a pilot advisory opinion (AO) program to publicly address regulatory uncertainty in its regulations, NAFCU's Elizabeth LaBerge offered the association's support as it "will provide credit unions with critical, timely guidance, enabling them to serve their members with confidence."
New alert details NCUA's proposed rule on FCU fees [ [link removed] ]
During its July board meeting, the NCUA proposed a rule to exclude from total assets any loan a federal credit union (FCU) reports under the PPP or similar future programs. NAFCU sent a Regulatory Alert to member credit unions detailing the proposal and seeking feedback on the approach to operating fees.
Latest Compliance Blog posts tackle adverse action requirements, COVID-19 fraud, more [ [link removed] ]
As credit unions work to meet the needs of their members and communities amid the coronavirus pandemic and restore normal operations, NAFCU's award-winning Regulatory Compliance Team is keeping the industry informed of the latest developments and available resources via the Compliance Blog every Monday, Wednesday, and Friday.
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