Also: NAFCU, DCUC keep up NDAA pressure; Berger calls for coordination on fintech regs



NAFCU TODAY | The News You Need Daily.

September 25, 2019



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The ultimate CU Compliance Advertising Guide out now [ [link removed] ]
Aligning with its mission to provide members with extreme service, NAFCU has released a new Credit Union Compliance Advertising Guide. The member-only guide, designed for both compliance and marketing professionals, covers the federal regulations that apply when advertising credit union products and services.


NAFCU, working with DCUC, continues NDAA push on the Hill [ [link removed] ]
NAFCU President and CEO Dan Berger, along with Defense Credit Union Council (DCUC) President and CEO Anthony Hernandez, and members of NAFCU's Legislative Affairs team were on Capitol Hill yesterday to continue discussions with lawmakers to ensure that an industry-opposed provision is not included in the final version of the FY2020 National Defense Authorization Act (NDAA). Last year, NAFCU's efforts led House and Senate conferees of the FY2019 NDAA to drop the provision regarding bank leases on military installations.


Berger: Regulators, Congress must coordinate on fintech [ [link removed] ]
NAFCU President and CEO Dan Berger urged key members of the Federal Financial Institutions Examination Council (FFIEC) to consider enacting regulation to achieve a level playing field between fintech companies and traditional financial institutions as he shared the association's new fintech whitepaper.






NAFCU: Fair access, data security needed in real-time payments [ [link removed] ]
Noting that "faster payments represent a distinct technology priority" for credit unions, NAFCU Vice President of Legislative Affairs Brad Thaler outlined for the Senate Banking Committee the association’s support for the Federal Reserve's efforts to develop a real-time payments system – FedNow Service – and also reiterated the need for a national data security standard.


DOL finalizes overtime rule with NAFCU-supported changes [ [link removed] ]
The Department of Labor (DOL) Tuesday announced its final overtime rule that includes NAFCU-supported adjustments regarding the rule's salary level exemption and nondiscretionary bonuses and incentive payments. The rule is set to take effect Jan. 1, 2020.



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