Berger
touts NAFCU's 2021 advocacy priorities in new op-ed
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
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
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.
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NAFCU
supports CDC designation of CU employees as 'essential'
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
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
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
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.