Also: CFPB, FTC investigate illegal evictions as CDC extends ban; NCUA's CUSO proposal open for 30 more days
NAFCU TODAY | The News You Need Daily.
March 30, 2021
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FI regulators seek feedback on AI use [ [link removed] ]
Federal financial regulators – including the NCUA – Monday issued a request for information (RFI) seeking insights into financial institutions' use of artificial intelligence (AI) and machine learning. NAFCU recognizes how these technologies can help improve credit unions' operations and service to members but has cautioned against an unlevel playing field that allows fintech companies to operate without proper oversight.
CFPB, FTC investigating illegal evictions; CDC extends moratorium to June 30 [ [link removed] ]
As the Centers for Disease Control and Prevention (CDC) Monday extended its Public Health Service Act order to halt residential evictions through June 30, the CFPB and Federal Trade Commission (FTC) announced that they are investigating potentially illegal eviction practices.
NCUA extends comment period on proposed CUSOs rule [ [link removed] ]
The NCUA Board unanimously approved a 30-day extension of the comment period for its proposed rule on credit union service organizations (CUSOs). The rule, proposed during the board's January meeting, would expand the list of permissible activities and services for CUSOs.
Today: CUs to receive key industry updates during NAFCU's Q1 Member Webinar [ [link removed] ]
This afternoon, NAFCU President and CEO Dan Berger and other association leaders will provide member credit unions with a review of the first few months of 2021 during NAFCU's Q1 Member Webinar. Registration for the webinar, set to begin at 4 p.m. Eastern, remains open.
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