Also: NAFCU offers support, seeks guidance for SAR proposal; Kossachev discusses exemption order fix with FCC



NAFCU TODAY | The News You Need Daily.

February 22, 2021



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This week: House preps vote on COVID relief [ [link removed] ]
The House this week is planning to take up the $1.9 trillion coronavirus relief package after the Budget Committee meets today to assemble the respective components of the budget resolution package. Upon House passage, the package will then move to the Senate where only a simple majority is needed to approve it.


NAFCU shares support of NCUA SAR report, requests guidance for CUs [ [link removed] ]
In response to the NCUA's notice of proposed rulemaking seeking to amend the agency's suspicious activity report (SAR) regulation, NAFCU urged the agency to provide additional information and guidance for credit unions, separate from the final rule. The NCUA proposed the rule by notation vote last year, indicating that it seeks to reduce regulatory burdens on federally-insured credit unions (FICUs) and encourage technological innovation within the credit union system.


NAFCU, FCC discuss fix to exemption order error [ [link removed] ]
NAFCU Director of Regulatory Affairs Ann Kossachev attended a meeting with other trade groups Friday with staff from Federal Communication Commission (FCC) Acting Chair Jessica Rosenworcel's office to discuss a potential fix to the commission's order codifying exemptions to the Telephone Consumer Protection Act (TCPA).






NAFCU's LaBerge set to present at data privacy, protection program this week [ [link removed] ]
This week, NAFCU Senior Regulatory Counsel Elizabeth LaBerge will serve as faculty for an Association for Data and Cyber Governance (ADCG) interactive class and workshop program designed for those interested in becoming a data privacy and protection specialist. The two-day program begins Wednesday and runs through Thursday.


Existing-home sales rise slightly despite reaching lowest supply level since 1982 [ [link removed] ]
Existing-home sales rose 0.6 percent in January to a seasonally-adjusted rate of 6.69 million units, representing a 23.7 percent increase in sales versus a year ago. However, in a new Macro Data Flash report, NAFCU's Curt Long noted tight supply is constricting existing-home sales growth as supply is now down to 1.04 million homes for sale and at its lowest level on record dating back to 1982.



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