Also: Association raises priorities to Senate committee ahead of Hood's testimony, details impact of debt collection rule



NAFCU TODAY | The News You Need Daily.

November 10, 2020



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NAFCU launches post-election advocacy with Congress, regulators [ [link removed] ]
As the 2020 election season ends, NAFCU's award-winning government affairs team is doubling down on its advocacy efforts to secure even more legislative and regulatory wins for the credit union industry in the coming months. NAFCU President and CEO Dan Berger also has a new op-ed detailing what credit unions can expect under President-elect Joe Biden.


NAFCU shares CU priorities ahead of NCUA chairman's Senate Banking testimony [ [link removed] ]
Ahead of today's Senate Banking Committee hearing to discuss oversight of financial regulators, NAFCU Vice President of Legislative Affairs Brad Thaler shared key priorities that the association would like to see the NCUA address as credit unions work to serve their members during the pandemic. NCUA Chairman Rodney Hood is set to testify during the hearing with other banking regulators.


NAFCU details impact of debt collection rule on CUs [ [link removed] ]
NAFCU Monday sent members a Final Regulation summary outlining what credit unions need to know about the CFPB's final rule to amend Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA). Finalized earlier this month, the rule heeded several concerns NAFCU had flagged for the bureau in its comments on the proposal.






NAFCU: CFPB changes to records, information disclosure 'largely preserve status quo' [ [link removed] ]
Following the CFPB's issuance of the final rule to amend its Disclosure of Records and Information Regulation last month, NAFCU yesterday sent members a Final Regulation alert detailing the changes and their impact on credit unions.


Rising consumer credit a 'promising' sign of recovery [ [link removed] ]
Total consumer credit rose 4.7 percent in September (seasonally-adjusted, annualized), up 0.4 percent versus a year ago. NAFCU Chief Economist and Vice President of Research Curt Long broke down the "promising" signs of a recovering economy in a new NAFCU Macro Data Flash report.


NAFCU closed Wednesday for Veterans Day [ [link removed] ]
NAFCU's offices will be closed tomorrow in observance of Veterans Day, but members will still have access to the association's website for resources and upcoming events, including the latest regulatory and legislative developments related to the coronavirus pandemic (view NAFCU's newest resource on expiring relief provisions). Here are a few recent developments to be aware of.



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