NCUSIF
quarterly report, request for comment on NOL policy, derivatives final rule on NCUA agenda
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
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
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.
There's
still time!
Nominate a top-notch employee or volunteer for a NAFCU
Annual Award. Your credit union's unsung heroes deserve recognition.
New
on the Compliance Blog: Ransomware, QM compliance delay, ACH class action lawsuit
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
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.
