This
week: NAFCU meets with key agencies; NCUA reviews budget, awaits board member vote
As Congress returns to Washington to tackle several big issue items before the
end of the year, NAFCU's award-winning advocacy team will be engaged on Capitol
Hill ensuring the credit union industry voice is heard while also meeting with
key agencies to discuss industry priorities.
NAFCU
to policymakers: 12 key issues for immediate action
As the end of the
year approaches, NAFCU's government affairs team remains hard at work to
secure even more wins and relief for the credit union industry. To help bolster
these efforts, the association is leading the fight for action on 12 key issues
that should be addressed in the congressional lame duck session and with regulators
in the transition to a new administration.
NAFCU
urges FinCEN against increase of thresholds under BSA recordkeeping, travel rule reg
NAFCU's Kaley Schafer – in response to a joint notice of proposed rulemaking,
issued by Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve,
to amend the Bank Secrecy Act's (BSA) recordkeeping and travel rule regulations
– asked that FinCEN not increase the cross-border threshold as the costs of
credit union compliance and to the payments systems outweigh the usefulness when
Bank Secrecy Act (BSA) reports provide duplicate information.
Today Only: Save up to $333 on NAFCU conferences!
It's Cyber Monday. Use code INPERSON to save $333 on in-person conference
registrations or code VIRTUAL to save $111 on virtual conference registrations.
ECU
Monitor: CUs reveal mixed feelings on virtual NCUA exams
The November
edition of NAFCU's Economic & CU Monitor report – now available
for download – found the median length of NCUA exams increased to 14 days –
potentially due to coronavirus-related disruption to operations or the piloting
of the agency’s new Modern Exam and Risk Identification Tool (MERIT). Overall,
credit unions revealed mixed feelings regarding the NCUA's adoption of virtual examination procedures.
Today:
Save on 2021 NAFCU conferences
Today on Cyber Monday, credit unions
can take advantage of savings for most NAFCU 2021 conferences to ensure compliance
staff, rising leaders, boards of directors, lending professionals, and more have
access to the industry's top-rated education and training opportunities.
Take $333 off registrations for in-person conferences with code INPERSON and $111
off registrations for virtual conferences with code VIRTUAL.
