NAFCU,
CUs meet with House Financial Services Committee Ranking Member McHenry
Representatives from NAFCU-member credit unions Thursday joined members of the
association's advocacy team for a virtual meeting with House Financial Services
Committee Ranking Member Patrick McHenry, R-N.C. During the meeting the group
discussed a number of key industry issues, including the financial impacts the
pandemic is having on credit unions, measures that can provide support for credit
unions and their members amid the ongoing pandemic, the importance of liability
protections for credit unions, and the outlook on data privacy and security.
4 things to know this week
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source
for the latest on issues impacting the credit union industry. For those short
on time, here's a roundup of this week's top need-to-know news, including
Congress' efforts to pass additional coronavirus relief via reconciliation,
the Senate's power-sharing agreement, and more.
House
committees review state of small biz economy, coronavirus response
The House Small Business Committee Thursday held a hearing to discuss the state
of the small business economy amid the coronavirus pandemic. Ahead of the hearing,
NAFCU shared how credit unions have stepped up to ensure small businesses in their
communities are supported amid the pandemic, and reiterated how providing credit
unions with relief from the arbitrary member business lending (MBL) cap would
allow the industry to provide more assistance.
Forward Thinking Strategies to Help Your
CU Thrive, Not Just Survive
Attend NAFCU's Virtual Strategic Growth
Conference to gain insights and best practices for pushing your CU growth forward.
NAFCU
to CFPB: Financial record access must be fair, secure
In response to
the CFPB's advance notice of proposed rulemaking (ANPR) on section 1033 of
the Dodd-Frank Act, NAFCU's Andrew Morris detailed the association's
concerns and advised the bureau to "avoid implementing section 1033 in a
way that impairs a credit union's ability to protect its members' data from the risk of theft or abuse."
This
week on the Compliance Blog: Interagency BSA/AML FAQs, HMDA best practices, CFPB updates
As credit unions work to meet the needs of more than 123 million Americans during
the coronavirus pandemic, NAFCU's award-winning Regulatory Compliance Team
continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
