Also: NAFCU 2020 report details CU trends, member services; Insights into PPP loan data, relief talks, more



NAFCU TODAY | The News You Need Daily.

December 4, 2020



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NAFCU secures CU wins in final NDAA [ [link removed] ]
The final fiscal year 2021 National Defense Authorization Act (NDAA) was released Thursday by the conference committee with NAFCU-fought wins for credit unions: It doesn't include the harmful provision that would have treated banks the same as a military installation's local, not-for-profit credit union when it comes to nominal leases, and does include language to make Bank Secrecy Act (BSA)/anti-money laundering (AML) reforms.


ICYMI: NAFCU details critical, growing role of CUs in annual report [ [link removed] ]
Following its annual meeting with the Federal Reserve, NAFCU released its 2020 NAFCU Report on Credit Unions – now available online – detailing the critical and growing role credit unions play in their local communities. Members of the association's Board of Directors Tuesday shared insights from the report during a virtual meeting with Federal Reserve Board Governor Michelle Bowman.


4 things to know this week [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know news related to the paycheck protection program (PPP), coronavirus relief efforts, and more.






This week on the Compliance Blog: FFIEC guidance on mobile financial services, IFR on asset-based thresholds, more [ [link removed] ]
As credit unions work to meet the needs of more than 122 million Americans during the coronavirus pandemic, NAFCU's award-winning Regulatory Compliance Team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.


NAFCU committees discuss SIF, consumer access to financial records [ [link removed] ]
Two of NAFCU's member committees met this week to tackle important issues impacting the industry: NAFCU's Share Insurance Fund (SIF) Committee met to discuss the current status of the National Credit Union Share Insurance Fund (NCUSIF) and analyze the outlook for the coming year, and NAFCU's Cybersecurity and Payments Committee explored the CFPB's efforts to provide consumers' access to their financial records.



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