NAFCU
secures CU wins in final NDAA
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
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
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.
NAFCU's Virtual
Strategic Growth Conference
Attend NAFCU's Virtual Strategic Growth
Conference to gain forward thinking strategies to help your CU thrive, not just
survive.
This
week on the Compliance Blog: FFIEC guidance on mobile financial services, IFR
on asset-based thresholds, more
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
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.
