CFPB
requests feedback on consumer access to financial records
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
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
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.
NAFCU's Virtual
Regulatory Compliance Seminar: Only a few days left to register
Sharpen
your credit union compliance and BSA knowledge
This
week in Compliance: Terminated memberships, fair servicing, GSE patch
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
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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