Also: NCUA urges credit unions to transition away from LIBOR by Dec. 31

NAFCU Today
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May 18, 2021

NAFCU expresses opposition to NCUA vendor authority ahead of hearing examining regulators
Ahead of Wednesday’s oversight hearing with depository institution regulators – including NCUA Chairman Todd Harper – NAFCU’s Brad Thaler wrote to the House Financial Services Committee Monday to share the association’s perspective on several draft legislative proposals that are tied to the hearing.

NCUA urges CUs to begin LIBOR transition
The NCUA yesterday issued a Letter to Credit Unions instructing credit unions to begin to transition away from using the London Inter-bank Offered Rate (LIBOR) and complete the process no later than Dec. 31, 2021.

NAFCU calls for support of CDFIs and MDIs ahead of hearing
On Monday, NAFCU’s Brad Thaler sent a letter to the House Small Business Subcommittee on Economic Growth, Tax and Capital Access ahead of the Subcommittee’s hearing to examine the role of community development financial institutions (CDFIs) and minority depository institutions (MDIs) in small business lending.


Congratulations to the 2021 Innovation Award Finalists
The Innovation Awards honor the transformational & valuable contributions to the credit union industry.

View Finalists

NAFCU’s 2021 Roadmap helps CUs navigate complex reg landscape
NAFCU's 2021 Credit Union Compliance Roadmap is now available to members and nonmembers. The Roadmap is the best resource available for compliance professionals – it assists credit unions in navigating through a complex regulatory environment.


Deadline extended to Friday, May 21!
There's still time to enter NAFCU's Annual Awards


Give your board members a boost
Order the NAFCU Credit Union Director Handbook
 
 NAFCU CALENDAR
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Spring Cleaning Checklist: Don't Forget Digital Fraud Prevention
Complimentary Webinar
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24
NCUA - Central Liquidity Facility
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NCUA - Compliance with BSA/AML and OFAC Requirements
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NCUA - Temporary Regulatory Relief in Response to COVID-19 - Prompt Corrective Action
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[Demo] Growing Member Relationships With a Unified Digital Lending Platform
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