Also: CFPB releases consumer complaints report, blog on payday rule; Thaler flags CU tools to support COVID response



NAFCU TODAY | The News You Need Daily.

March 25, 2021



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NAFCU leads efforts toward fintech fairness, transparency [ [link removed] ]
As more fintech companies take advantage of different strategies to sidestep financial regulation and enter the financial system as banks, NAFCU is leading efforts with regulators and lawmakers to ensure these fintech banks are operating on a level playing field with credit unions.


CFPB releases 2020 consumer complaint report, new blog on payday rule [ [link removed] ]
The CFPB Wednesday released its Consumer Response Annual Report for 2020, which revealed the bureau handled 54 percent more consumer complaints last year than in 2019. In addition, CFPB Acting Director Dave Uejio posted a new blog this week focused on the bureau's small dollar lending rule.


NAFCU's Thaler calls on Senate Banking Committee to consider necessary CU tools [ [link removed] ]
Ahead of today's Senate Banking Committee hearing to discuss the implementation of the American Rescue Plan and the coronavirus pandemic, NAFCU Vice President of Legislative Affairs Brad Thaler called on the committee to consider several tools to help credit unions serve their members as the nation works toward recovery from the crisis.






Reg Compliance School ends with focus on hot topics [ [link removed] ]
Sessions at NAFCU's Virtual Regulatory Compliance School end today, with a focus on hot topics like information and data security, vendor management, and Telephone Consumer Protection Act (TCPA) basics. Tomorrow, those working to obtain the prestigious NAFCU Certified Compliance Officer (NCCO) will have the opportunity to take Exam 4 and can also take advantage of three additional exam testing timeslots.



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