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
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.