This
week: NAFCU monitoring Hill movement, continuing bold advocacy push
NAFCU’s bold advocacy strategy remains in high gear this week as the association
continues to share credit unions' perspective with Congress on industry issues,
including a potential Phase 4 coronavirus relief package, the fiscal year 2021
National Defense Authorization Act (NDAA), and annual funding packages. Of note,
NAFCU will be monitoring several scheduled hearings this week on key topics.
NAFCU
offers comments on CFPB’s proposed exemptions to TILA escrow requirements
NAFCU Senior Regulatory Affairs Counsel Kaley Schafer wrote to the CFPB Friday
in response to the bureau’s notice of proposed rulemaking (NPRM) amending the
Truth in Lending Act’s (TILA) escrow requirements for higher priced mortgage
loans (HPMLs). The revision comes in accordance with the NAFCU-supported Economic
Growth, Regulatory Relief, and Consumer Protection Act (S.2155), which was enacted
in 2018 and provides broad regulatory relief.
ICYMI:
NAFCU’s latest advocacy efforts as seen in the media
Ahead of NAFCU's
Virtual Congressional Caucus last week, senior members of the association's
award-winning advocacy team shared the credit union message across three news
publications. Since the pandemic began, the association has been working around
the clock to deliver wins for the industry and ensure credit unions have the tools
needed to serve more than 122 million members.
NAFCU's Credit Union Compliance Roadmap
is now available!
NAFCU's Credit Union Compliance GPS is now the
Credit Union Compliance Roadmap. Download a sneak peek today!
NAFCU
webinar to break down Fed's FraudClassifier
The Federal Reserve's
Fraud Definitions Work Group earlier this year released the FraudClassifier Model
to help organizations better understand the magnitude of fraud involving payments.
A NAFCU webinar Sept. 30 will break down how credit unions can utilize the new
classification model to better defend against fraud.
