Also: Association stresses need for accurate, equitable OTR to NCUA, TCPA exemptions for CUs to FCC
NAFCU TODAY | The News You Need Daily.
November 3, 2020
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2020 Election: NAFCU monitoring results for CU impact [ [link removed] ]
As Election Day gets underway, NAFCU's award-winning legislative affairs team will be closely monitoring results as they come in – for presidential, Senate, and House races – to analyze how newly elected officials and shifting dynamics could impact credit unions.
NAFCU shares concerns, recommendations on OTR methodology, fee structure with NCUA [ [link removed] ]
NAFCU's Andrew Morris stressed the need for an accurate and equitable overhead transfer rate (OTR) methodology and offered recommendations on the NCUA's proposed clarifications related to how the methodology is applied to apportion operating fees charged to federal credit unions (FCUs) in a letter to the agency following a request for comment (RFC) issued at the NCUA Board's July meeting.
NAFCU offers support of FCC's efforts to implement TCPA exemptions [ [link removed] ]
In response to the Federal Communications Commission's (FCC) notice of proposed rulemaking (NPR) related to the rules and regulations implementing the Telephone Consumer Protection Act (TCPA), NAFCU's Elizabeth LaBerge shared the association's support of the agency's efforts to "establish and implement exemptions to the TCPA's consent requirement for important information that consumers need regarding their credit union accounts."
NAFCU outlines CFPB's final rule extending the GSE patch [ [link removed] ]
NAFCU Monday sent members a Final Regulation summary on the CFPB's final rule extending the government-sponsored enterprise (GSE) patch and offered highlights on how the final rule impacts credit unions.
NAFCU identifies areas for more clarity in flood insurance Q&As [ [link removed] ]
As the federal financial regulators – including the NCUA – work to update flood insurance Q&As in an effort to reduce lenders' compliance burden under federal flood insurance laws, NAFCU has identified additional areas that need to be addressed to provide more clarity and limit potential negative effects on credit unions and consumers.
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