Also: Berger, Hunt, Thaler named top lobbyists by The Hill; NAFCU-sought items on NCUA's 2-day meeting agendas



NAFCU TODAY | The News You Need Daily.

December 11, 2020



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CFPB finalizes general, seasoned QM definitions [ [link removed] ]
As indicated by its fall rulemaking agenda that final rules would be released in December, the CFPB Thursday issued final rules to amend the general definition of a qualified mortgage (QM) and create a new category of seasoned QMs.


NAFCU's Berger, Hunt, Thaler recognized as top lobbyists in The Hill [ [link removed] ]
NAFCU President and CEO Dan Berger, Executive Vice President of Government Affairs and General Counsel Carrie Hunt, and Vice President of Legislative Affairs Brad Thaler were named top association lobbyists for 2020 by The Hill, a daily newspaper covering Congress and Washington, D.C.


NCUA to hold 2 meetings next week [ [link removed] ]
The NCUA Board will hold two open meetings next week with several NAFCU-sought items on the agendas. Thursday's meeting includes three proposed rules – for field of membership (FOM) shared facility requirements, mortgage servicing rights, and overdraft policy – a temporary final rule related to coronavirus regulatory relief, and a final rule on subordinated debt.






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 paycheck protection program (PPP) loan necessity questionnaires, SCOTUS oral arguments, and more.


NAFCU's Kossachev discusses TCPA trends, issues on panel [ [link removed] ]
NAFCU Director of Regulatory Affairs Ann Kossachev Thursday spoke on a panel to discuss ongoing issues and proceedings related to the Telephone Consumer Protection Act (TCPA). NAFCU has actively worked with the FCC on efforts to modernize the TCPA and has continuously called for the agency to protect legitimate callers and ensure consumers receive important information.


NAFCU follows up on NCUA budget briefing testimony, reiterates recommendations [ [link removed] ]
NAFCU's Curt Long wrote to the NCUA Board Thursday to reiterate several recommendations made during his testimony before the board at the 2021-2022 budget briefing that aim to enhance the efficiency of the NCUA budget.


This week on the Compliance Blog: Unauthorized transactions, address changes, capitalization of interest [ [link removed] ]
As credit unions work to meet the needs of more than 123 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.


CPI rises slightly in November, NAFCU expects low rates to remain in place through 2021 [ [link removed] ]
On a seasonally-adjusted basis, overall consumer prices rose 0.2 percent in November. The Bureau of Labor Statistics reported that the overall consumer price index (CPI) grew 1.2 percent over the 12-month period.



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