FedNow
Pilot Program seeks participants
The Federal Reserve is looking for
financial institutions – including credit unions – service providers, and
payment processors to participate in its FedNow Pilot Program to support the development,
testing, and adoption of the FedNow Service – the Fed's real-time payments system.
Today:
NCUA Board set to issue NAFCU-supported final rule on corporate CUs
The NCUA Board meets today and is expected to issue a final rule on corporate
credit unions and propose a rule related to derivatives. The board will also issue
a request for information (RFI) regarding its supervisory guidance and potential improvements in future communications.
NCUA
reminds CUs to remain vigilant, protect against cybersecurity threats
October is National Cybersecurity Awareness Month and the NCUA is reminding credit
union industry stakeholders to remain vigilant and protect their systems. NAFCU
closely follows cybersecurity issues to keep credit unions informed of threats
and the latest resources available, and continues to be a leader in calling for
national data security and privacy standards.
NAFCU's Virtual CFO Summit
Attend NAFCU's Virtual CFO Summit to gain the strategies and best practices
you need to steer your CU through the recession.
Washington
update, auto market, more on agenda as Lending Conference concludes today
NAFCU's Virtual Lending Conference wraps up today with sessions focused on
key lending issues, including regulation, the auto finance market, profitability,
and more. The two-day conference, which began yesterday, is being broadcast virtually
to hundreds of credit union professionals.
Stay
on top of industry issues with NAFCU Networks
Is your credit union
seeing new trends in the products and services used by members? Have a question
about call reports or cybersecurity efforts? NAFCU's member-only networks
are a great resource for credit union professionals looking to connect with industry
peers on issues facing their institutions.
CUs:
Share insights on CFPB proposals for small biz data collection
As the
CFPB considers ways to implement small business lending data collection requirements under
section 1071 of the Dodd-Frank Act, credit unions are encouraged to share their
insights on the bureau's outline of proposals by participating in this month's Economic & CU Monitor survey.
