From NAFCU Today <[email protected]>
Subject Pacheco set to give CU, NAFCU perspective on fintechs at HFSC hearing today
Date April 15, 2021 11:02 AM
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Also: Beige Book shows economy accelerating moderately; NAFCU supports efforts to ease LIBOR transition



NAFCU TODAY | The News You Need Daily.

April 15, 2021



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NAFCU rep testifies on need for level playing field [ [link removed] ]
Today, NAFCU-witness Carlos Pacheco will testify before a House Financial Services subcommittee to share credit unions' recommendations for a fair and level playing field with fintech companies. NAFCU is leading efforts to alert policymakers and consumers to the growing issue of financial technology companies applying to become a bank or acquiring a bank. Pacheco, CEO of Premier Members Credit Union (Boulder, Colo.), is the only financial institution representative testifying today.


Beige Book reveals moderate acceleration in economic activity [ [link removed] ]
The Federal Reserve's Beige Book, released Wednesday, revealed national economic activity accelerated at a moderate pace from late February to early April as consumer spending strengthened.


NAFCU offers support for efforts to ease LIBOR transition [ [link removed] ]
As the London Interbank Offered Rate (LIBOR) is set to stop publishing at the end of this year, a House Financial Services subcommittee is holding a hearing today to discuss the transition to an alternative interest rate calculation for various financial products. NAFCU Vice President of Legislative Affairs Brad Thaler offered support for efforts to ease the transition.






NCUA releases 2020 report on diversity, inclusion [ [link removed] ]
The NCUA Wednesday released its Office of Minority and Women Inclusion (OMWI) 2020 Annual Report to Congress, highlighting the agency's efforts to advance diversity, equity, and inclusion (DEI) in its workforce and the industry.


NAFCU secures more space for CEOs Conference [ [link removed] ]
Still considering your attendance at NAFCU's CEOs and Senior Executives Conference? With strong demand, the association has secured additional overflow space in Key West, Fla., for those wanting to attend in person and watch all sessions via livestream. In addition, virtual registration is also available for this conference, happening May 12-14.


Compliance culture, strategic planning wrap-up Board of Directors Conference [ [link removed] ]
NAFCU's Virtual Board of Directors and Supervisory Committee Conference wraps up today with sessions focused on establishing a culture of compliance at credit unions and effective strategic planning. To end the conference, Lt. Col. Jason Harris will offer attendees insights into leadership and teamwork during his keynote address. Get a preview of Harris' message here.



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