Also: Berger highlights key issues, priorities for federal agencies; Court vacates parts of CFPB's prepaid rule



NAFCU TODAY | The News You Need Daily.

January 6, 2021



----------

----------

ICYMI: NAFCU breaks down key Phase 4 relief measures [ [link removed] ]
While NAFCU's award-winning advocacy team continues to push for industry priorities on Capitol Hill, the association remains committed to ensuring credit unions have the resources they need to remain informed of the ever-changing legislative and regulatory environment. NAFCU recently released a new resource summarizing key relief provisions enacted under the Phase 4 coronavirus relief and fiscal year 2021 federal government omnibus measure.


NAFCU highlights key issues, priorities for regulators [ [link removed] ]
As NAFCU moves forward with its 2021 advocacy priorities, NAFCU President and CEO Dan Berger Tuesday sent key federal agencies and administration officials an outline of the priorities and issues the association and credit unions will be focused on to achieve a healthy regulatory environment.


District court vacates parts of CFPB's prepaid rule [ [link removed] ]
The U.S. District Court for the District of Columbia has granted PayPal’s motion for summary judgement in a lawsuit challenging the CFPB's prepaid card rule. In 2019, PayPal filed a complaint against the CFPB over the rule, which went into effect in April of that year. The rule created requirements for prepaid accounts under Regulations E and Z and required financial institutions to provide short form disclosures before a consumer acquires a prepaid account.






Georgia Senate runoff elections results still outstanding [ [link removed] ]
Democrat Raphael Warnock was declared winner early this morning in Georgia's special election runoff race against Sen. Kelly Loeffler, who was appointed to the seat in December 2019. The other runoff between incumbent Republican Sen. David Perdue and Democrat challenger Jon Ossoff is too close to call. NAFCU continues to monitor result updates as control of the Senate will not only influence which legislation the chamber considers during the 117th Congress, but also chairs of committees.


CUs: Offer feedback on NCUA's mortgage servicing proposal [ [link removed] ]
NAFCU sent members a Regulatory Alert Tuesday detailing the NCUA's proposed rule to remove the current prohibition on federal credit unions’ ability to purchase mortgage servicing rights (MSRs) from the investment and deposit activities rule. A rule on MSRs was included in the agency's fall rulemaking agenda.



----------



----------






----------
NAFCU Calendar: [link removed]





----------






--------------------------------------------

JOIN THE CONVERSATION:
LINKEDIN: [link removed]
FACEBOOK: [link removed]
TWITTER: [link removed]
YOUTUBE: [link removed]
BLOGS: [link removed] ]
---------------------------------------------
Send feedback [ mailto:[email protected] ]
Subscribe now to NAFCU Today [ [link removed] ]
Opt out of NAFCU Today? [ [link removed] ]
Update your communication preferences [ [link removed] ]
Unsubscribe to ALL of NAFCU's emails. [ [link removed] ]

NAFCU Today? is published weekdays by the National Association of Federal Credit Unions.

3138 10th Street North | Arlington, VA 22201 | email: [email protected] [ mailto:[email protected] ] | phone: (703) 522-4770; (800) 344-5580

?




Powered by Higher Logic [link removed]