Also: NAFCU's Long participating in NCUA's budget briefing today; See where NCUA nominee, NDAA, relief efforts stand



NAFCU TODAY | The News You Need Daily.

December 2, 2020



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NAFCU Board shares CU insights into COVID-19 response, trends with Fed's Bowman [ [link removed] ]
The NAFCU Board of Directors and NAFCU President and CEO Dan Berger Tuesday held a virtual meeting with Federal Reserve Board Governor Michelle Bowman to share insights into the credit union industry and trends coming out of the coronavirus pandemic. The meeting, which NAFCU has held annually with the Fed for almost three decades, coincides with the association's release of its Report on Credit Unions – now available for download.


NAFCU's Long to emphasize prudency, transparency during NCUA budget briefing [ [link removed] ]
NAFCU Chief Economist and Vice President of Research Curt Long is set to testify before the NCUA Board today on the agency's proposed 2021-2022 budgets. Long will reiterate NAFCU's call for the agency to manage its budget in a way that emphasizes prudency and transparency, while avoiding significant year-over-year budget increases.


Hill update: Senate moves to confirm NCUA nominee, $908b relief package introduced [ [link removed] ]
As lawmakers return to Washington this week, the Senate Tuesday took a major step toward confirming Kyle Hauptman to the NCUA Board. The chamber voted 56-37 to invoke cloture on the nomination, limiting it to 30 additional hour of consideration before the final vote, which could happen as soon as today.






CFPB issues NAL as NAFCU calls for clarity under ECOA, Reg B [ [link removed] ]
In response to the CFPB's request for information (RFI) regarding the Equal Credit Opportunity Act (ECOA) and Regulation B, NAFCU urged the bureau to provide additional clarity and flexibility in efforts to "address today's virtual market for financial services and help improve the efficacy of such outreach."


CFPB approves 2 AOs after finalizing policy [ [link removed] ]
The CFPB Monday finalized its advisory opinions (AO) policy and announced two approved AOs that will be publicly available on the bureau's website and published in the Federal Register. NAFCU asked for AOs to be made publicly available to ensure they are easily accessible following the launch of a pilot AO program.


Lawmakers talk need for more relief with Powell, Mnuchin [ [link removed] ]
As several coronavirus pandemic-related relief provisions are set to expire at the end of the month, members of the Senate Banking Committee discussed the need for additional relief with Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin during a hearing Tuesday. Of note, supporting small businesses and ensuring underserved communities are not left behind were key topics.


Defining a career path, CU financial management, more on today's MLI agenda [ [link removed] ]
The second day of NAFCU's Virtual Management and Leadership Institute begins today with a session on the basics of financial management at a credit union and features two interactive panels and additional sessions on several leadership hot topics.



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NAFCU Calendar: [link removed]





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