Also: Fed's Quarles warns of LIBOR-transition risks; Get details on recently-finalized rules
NAFCU TODAY | The News You Need Daily.
October 4, 2019
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NAFCU, CUs at NY Fed today [ [link removed] ]
NAFCU continues its series of meetings at Federal Reserve Banks today with Federal Reserve Bank of New York President John Williams. Senior members of the association's advocacy team and member credit unions will discuss issues facing the industry, including the outlook for the economy and interest rates, as well as faster payments.
Fed's Quarles: LIBOR transition poses stability risks [ [link removed] ]
As the London Interbank Offered Rate (LIBOR) is set to stop publishing after 2021, Federal Reserve Vice Chair for Supervision and Chair of the Financial Stability Board Randal Quarles is warning that the transition away from the rate could pose financial stability risks.
Important compliance deadlines CUs should know [ [link removed] ]
NAFCU this week sent Final Regulation alerts to member credit unions to notify them of important effective dates for rules that will impact the industry. The rules covered include the CFPB's innovation policies, NCUA's payday alternative loans (PALs), and the Department of Labor's (DOL) overtime rule.
3 NAFCU-member reps to serve on CFPB's CUAC [ [link removed] ]
The CFPB Thursday released new appointments for its advisory boards. Three of the eight representatives who will serve on the Credit Union Advisory Council (CUAC) are from NAFCU-member credit unions.
Compliance seminar wraps up; register now for 2020 conferences [ [link removed] ]
NAFCU's Regulatory Compliance Seminar wraps up today with a regulatory update and sessions focused on hot topics such as the Telephone Consumer Protection Act, NCUA model bylaws, and data breaches.
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