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

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. 


FINAL WEEK: Save up to $300 on NAFCU conferences and online training!
'Tis the season to save! Act now to get up to $300 off most 2021 NAFCU conferences and online training subscriptions! Sale ends 1/8/21.

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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.


Save up to $300 on NAFCU conferences!
Use code INPERSON to save $300 on in-person conference registrations or code VIRTUAL to save $100 on virtual conference registrations by 1/8/21. You can use the codes for as many conferences and employees as you wish!

 
 NAFCU CALENDAR
JAN
7
2021 Fraud Crystal Ball
Complimentary Webinar
JAN
12
Comments Due to NAFCU: CFPB - Consumer Access to Financial Records
Important Regulatory Date
JAN
14
HMDA Fundamentals & Advanced Topics for Accurate Reporting
Webinar
JAN
15
Comments Due to NAFCU: NCUA - Capitalization of Interest
Important Regulatory Date
JAN
15
CU Research Survey Due
Topic: Overdraft & Member Access to Financial Data

 
 

 

 

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