Also: NAFCU monitoring Senate runoffs in Georgia; NAFCU-sought notification requirement in new FCC order



NAFCU TODAY | The News You Need Daily.

January 5, 2021



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Berger touts NAFCU's 2021 advocacy priorities in new op-ed [ [link removed] ]
NAFCU President and CEO Dan Berger debuted the association's 2021 advocacy priorities Monday in a new Credit Union Times op-ed. The association remains committed to supporting the credit union industry's ability to grow and thrive amid the changing political environment and economic climate.


NAFCU monitoring Senate runoff elections in Georgia [ [link removed] ]
Runoff elections for Georgia's two Senate seats are happening today after no candidate in either race won at least 50 percent of the vote during November's election. While final results may not be known for a few days, NAFCU is closely monitoring the races as the outcomes will determine which party controls the Senate.


FCC includes NAFCU-sought notification requirement in new robocall order [ [link removed] ]
Last week, the Federal Communications Commission (FCC) released its fourth report and order regarding robocalls, which included several protections and corrections NAFCU has continuously advocated for in meetings with FCC commissioners and agency staff. 






NAFCU supports CDC designation of CU employees as 'essential' [ [link removed] ]
NAFCU President and CEO Dan Berger Monday sent a letter to the Centers for Disease Control and Prevention (CDC) in support of designating credit union employees as "essential" workers under its coronavirus vaccination distribution plan.


NAFCU urges FinCEN to engage with FIs on convertible virtual currency proposal, highlights compliance burden [ [link removed] ]
In response to the Financial Crimes Enforcement Network's (FinCEN) notice of proposed rulemaking on the requirements for certain transactions involving convertible virtual currencies (CVCs) or legal tender digital assets (LTDA), NAFCU Monday urged the agency to ensure engagement with financial institutions and stakeholders.


NCUA seeks input on its communication methods [ [link removed] ]
The NCUA Board Monday approved, by notation vote, a request for information (RFI) seeking comments on the agency's communication methods in an effort to increase transparency and promote efficiency. The RFI seeks public input on how the agency can minimize burdens associated with obtaining information on federal laws, regulations, policies, guidance, and other materials relevant to federally-insured credit unions.


CUs: Provide insights into overdraft, consumer access to financial records [ [link removed] ]
Credit unions are encouraged participate in this month's Economic & CU Monitor survey to share their insights on the topics of overdraft and member access to financial data. Of note, the NCUA Board in December approved the issuance of a proposed rule related to overdraft policy and earlier this year the CFPB issued an advance notice of proposed rulemaking (ANPR) gathering input on how it should implement section 1033 of the Dodd-Frank Act, which provides for consumer rights to access financial records.



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