FI
regulators seek feedback on AI use
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
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
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:
Complimentary NAFCU Q1 Member Webinar
Join NAFCU President and
CEO Dan Berger and the association's award-winning advocacy team to hear the latest
from Congress on coronavirus relief, updates on the Biden administration and more.
Today:
CUs to receive key industry updates during NAFCU's Q1 Member Webinar
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.
