Also: Biden signs cybersecurity order, Fed on inflation, more to know; House passes debt collection reforms
NAFCU TODAY | The News You Need Daily.
May 14, 2021
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NCUSIF quarterly report, request for comment on NOL policy, derivatives final rule on NCUA agenda [ [link removed] ]
The NCUA Board next week is set to issue a final rule on derivatives and will receive its quarterly briefing on the National Credit Union Share Insurance Fund (NCUSIF). Also on the agenda, the board will issue a request for comment regarding the NCUSIF's normal operating level (NOL) policy.
5 things to know this week [ [link removed] ]
After the ransomware attack on Colonial Pipeline, there's renewed focus in Washington to strengthen cybersecurity and supply chain risk management. COVID cases are declining across the country. Inflation is being closely scrutinized after large jumps in consumer prices. Get more details into these issues and others credit union leaders should be aware of this week.
House passes debt collection bill [ [link removed] ]
The House Thursday passed legislation making a series of reforms to debt collection requirements. While NAFCU supports efforts to stop abusive debt collection practices, the association had raised concerns about language contained in the bill that would expand the definition of a "debt collector" and increase risks to lenders.
New on the Compliance Blog: Ransomware, QM compliance delay, ACH class action lawsuit [ [link removed] ]
As credit unions work to meet the needs of more than 124 million Americans during the coronavirus pandemic, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
NAFCU's CEOs Conference wraps up with look toward future [ [link removed] ]
NAFCU's CEOs and Senior Executives Conference wraps up today with forward-looking sessions on the workplace, economy, and enhancing performance. The three-day event has brought credit union leaders from around the country together – both virtually and in person – to get the strategies and insights needed to strengthen the industry and individual institutions.
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