Also: NAFCU seeks feedback on NCUA's derivatives proposal; Crypto developments, workforce trends, more to know
NAFCU TODAY | The News You Need Daily.
October 23, 2020
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CFPB requests feedback on consumer access to financial records [ [link removed] ]
The CFPB Thursday issued an advance notice of proposed rulemaking (ANPR) to gather input on how it should develop regulations to implement section 1033 of the Dodd-Frank Act, which provides for consumer rights to access financial records.
NAFCU details proposed derivatives rule, seeks CU insight [ [link removed] ]
NAFCU is currently seeking comment on the NCUA's notice of proposed rulemaking (NPRM) to adopt a more principles-based approach to provide credit unions with more flexibility to manage their interest rate risk through the use and purchase of derivatives. The proposed rule – issued during the NCUA Board's October meeting – makes changes to a final rule first issued in 2014.
5 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 cryptocurrency, workforce trends, PPP fraud, and the Supreme Court.
This week in Compliance: Terminated memberships, fair servicing, GSE patch [ [link removed] ]
As credit unions work to meet the needs of more than 122 million Americans during the coronavirus pandemic, NAFCU's award-winning Regulatory Compliance Team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
Existing-home sales reach highest level since May 2006 [ [link removed] ]
Existing-home sales rose 9.4 percent in September to a seasonally-adjusted rate of 6.54 million units, the highest level since May 2006. In a new Macro Data Flash report, NAFCU's Curt Long noted that this rise represents a 20.9 percent increase in sales versus a year ago.
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