Also: Association stresses need for accurate, equitable OTR to NCUA, TCPA exemptions for CUs to FCC

NAFCU Today
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November 3, 2020

2020 Election: NAFCU monitoring results for CU impact
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
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
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."


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NAFCU's Virtual Management and Leadership Institute sold out the last 3 years!

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NAFCU outlines CFPB's final rule extending the GSE patch
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
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.


Navigating a complex regulatory environment?
Download the 2020 edition of NAFCU's Credit Union Compliance Roadmap. It's the textbook you need.

Life Cycle Modeling and Forecasting vs Reporting Period in CECL
Join our webinar on the use of loan life cycle data, allowing users to dive deeper into their analysis of losses, prepayments, default, and loss given default through time.

 
 NAFCU CALENDAR
NOV
4
Life Cycle Modeling and Forecasting vs Reporting Period in CECL
Complimentary Webinar
NOV
12
BSA/AML - COVID Impact and Regulatory Guidance Roundup
Webinar
NOV
13
Comments Due to NAFCU: FinCEN - AML Program Effectiveness
Important Regulatory Date
NOV
17-19
Virtual Risk Management Seminar
#NAFCURiskSeminar
NOV
20
Comments Due to NAFCU: Section 1071 — Outline of Proposals Under Consideration
Important Regulatory Date

 
 

 

 

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