Also: NAFCU fighting for CU relief as Congress preps votes on deal; NCUA finalizes 2021-2022 budget



NAFCU TODAY | The News You Need Daily.

December 21, 2020



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Berger blasts bankers' criticism of NCUA's subordinated debt rule [ [link removed] ]
In an editorial published in American Banker, NAFCU President and CEO Dan Berger pushed back against the American Bankers Association's criticism of the NCUA's new subordinated debt rule.


This week: Congress poised to pass additional relief, FY2021 funding [ [link removed] ]
Congressional leadership announced yesterday that a deal on a Phase 4 coronavirus relief package had been reached after negotiating through the weekend. Lawmakers intend to pass the relief package alongside the fiscal year 2021 funding omnibus measure; Congress passed two continuing resolutions since Friday to extend current funding and prevent a federal government shutdown while the deal was being finalized.


NCUA finalizes 2021-2022 budget, rule on operating fees [ [link removed] ]
The NCUA Board Friday again approved all items on its agenda – including the agency's 2021-2022 budget and a final rule on annual operating fee assessment – on the final day of its two-day meeting. Earlier in the week, the board approved a final rule on subordinated debt and a proposed rule related to overdraft policy.






CFPB finalizes disclosures for debt collection with NAFCU-sought changes [ [link removed] ]
The CFPB last week issued a final rule on consumer disclosures related to debt collection. The bureau in October finalized its debt collection rule – which applies to third-party debt collectors and heeded several concerns NAFCU had flagged for the bureau in its comments on the proposal – and indicated it would issue a separate rulemaking for disclosures.



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