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

NAFCU Today
The News You Need Daily
 

September 25, 2019

The ultimate CU Compliance Advertising Guide out now
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
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
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 Credit Union Compliance Advertising Guide
Resource for navigating the complex federal regulatory framework that applies to advertising products

Download Now

NAFCU: Fair access, data security needed in real-time payments
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
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.


IRS clarifies excise tax reporting rules for federal credit unions
Read more in The NAFCU Journal about excise tax rules in an article by Brandy Bruyere.


Online Account Opening: How to Deliver Exceptional Member Experiences
Tomorrow's webinar with Q2 will provide you insights from a recognized innovator in online account opening and enrollment.

 

NAFCU CALENDAR
SEPT
25
SARs and CTR Guidance: Do's and Don'ts — The Good, the Bad, and the Ugly
FREE Live Webinar
SEPT
26
Online Account Opening: How to Deliver Exceptional Member Experiences
FREE Live Webinar
OCT
1-3
Risk Management Seminar
Savannah, GA
OCT
1-4
Regulatory Compliance Seminar
Savannah, GA
OCT
7-11
Management and Leadership Institute
San Antonio, TX
 

 

 

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