NAFCU
advocacy ramps up amid banker attacks
NAFCU's award-winning advocacy
team is maintaining its pressure on Capitol Hill to defend credit union priorities,
including responding to recent efforts by bankers to challenge the credit union
tax exemption and seek nominal leases for banks on military bases.
House
passes bill to give FIs marijuana banking safe harbor
The House Wednesday
passed legislation designed to provide a safe harbor for credit unions and other
lenders that serve marijuana-related businesses (MRBs) in states that have legalized
the drug. This is the first vote by Congress to do so; Senate Banking Committee
leaders have indicated their desire to consider similar legislation.
Compliance
Blog tackles additional FCU bylaw changes
In a continuation of Monday's
Compliance Blog post on the NCUA Board's recent changes to the federal credit
union (FCU) bylaws, NAFCU Regulatory Compliance Counsel Loran Jackson gives an
overview of changes concerning bylaw amendments, meetings, and elections.
NAFCU Credit
Union Compliance Advertising Guide
Resource for navigating the complex
federal regulatory framework that applies to advertising products
CFPB
releases FAQs on S. 2155 mortgage licensing provision
The CFPB Wednesday
released four questions and answers to help financial institutions comply with
amendments made to the Secure and Fair Enforcement for Mortgage Licensing Act
(SAFE Act) by the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155).
Small
biz loan programs webinar set for Oct. 16
The NCUA and Small Business
Administration (SBA) will hold a webinar Oct. 16 to share benefits of credit unions
participating in various SBA loan programs. NAFCU works closely with the SBA to
expand access to credit union small-dollar loans to small businesses across the nation.
Senate
panel cites need for competition in faster payments
Members of the
Senate Banking Committee stressed the need for equal competition in faster payments
during Wednesday's hearing focused on the issue. In addition, senators noted
that a government real-time payment system would help to serve families, community banks, and credit unions.
Call
providers, FCC acknowledge concerns with call blocking
A number of
phone service providers and the Federal Communications Commission (FCC) acknowledged
potential issues with call blocking errors as a result of a new caller identification
framework – known as SHAKEN/STIR – during a NAFCU-attended PACE Consumer Protection Coalition meeting Wednesday.
August
home sales continue strong 2019
August's 7.1 percent increase
in new-home sales continues a strong trend throughout the year. Lower mortgage
rates have supported sales, and NAFCU's Curt Long said higher inventory will
"sop up some of the supply shortages in the existing market."
