NCUA's
diversity self-assessments due Friday
Credit unions have until Friday
to complete the NCUA's voluntary Credit Union Diversity Self-Assessment for
2020. NCUA Chairman Rodney Hood has encouraged credit unions to complete the assessment
to demonstrate their commitment to diversity, equity, and inclusion (DEI) efforts
and evaluate diversity programs and practices.
What
to know about CUAC, BSA advisory group applications in new network post
The CFPB is currently accepting applications from representatives who wish to
serve on its Credit Union Advisory Council (CUAC). In a new post on the association's
Compliance, Risk & BSA Network, NAFCU Senior Regulatory Counsel Kaley Schafer
shared how credit union leaders can become more engaged with the CFPB by applying
to join the advisory council, as well as details on the Financial Crimes Enforcement
Network's (FinCEN) Bank Secrecy Act Advisory Group (BSAAG).
CUs:
Offer insight on NCUA’s service facility definition modernization
NAFCU sent members a Regulatory Alert Monday outlining the NCUA's proposed
rule to modernize the definition of a "service facility" for multiple
common bond (MCB) federal credit unions (FCUs).
SALE EXTENDED: Save up to $300 on NAFCU
conferences and online training!
Act now to get $300 off most 2021
NAFCU conferences and online training subscriptions. Sale ends Friday, Jan. 15.
Consumer
credit rises in November; NAFCU expects flat growth in coming months
Total consumer credit rose 4.4 percent in November (seasonally-adjusted, annualized),
up 0.4 percent versus a year ago. NAFCU Chief Economist and Vice President of
Research Curt Long analyzed the latest numbers in a new NAFCU Macro Data Flash report.
NAFCU's
online training, conference savings extended
Savings on subscriptions
to NAFCU's Online Training Center and registrations for most 2021 NAFCU conferences
have been extended to Friday. Providing credit unions with the best education
and training opportunities throughout the year remains a priority for the association.
