Also: New marijuana banking brief, NAFCU seeks CU feedback on NCUSIF NOL policy



NAFCU TODAY | The News You Need Daily.

May 27, 2021



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Berger calls for repeal of Durbin Amendment in Real Clear Politics op-ed [ [link removed] ]
In a new Real Clear Politics op-ed, NAFCU President and CEO Dan Berger calls on policymakers to do what's best for consumers and repeal the Durbin Debit Interchange Amendment under the Dodd-Frank Act. The op-ed publishes as the Federal Reserve revisits its interchange policy and congressional chatter around the topic increases


New 2021 marijuana banking brief released [ [link removed] ]
NAFCU has a new version of its marijuana banking brief available online to provide credit unions with comprehensive updates on regulatory landscape, Financial Crimes Enforcement Network (FinCEN) data and federal legislative efforts for marijuana laws.


NAFCU seeks CU feedback on NCUSIF NOL policy [ [link removed] ]
As the NCUA reviews the policy and methodology used to set the National Credit Union Share Insurance Fund's (NCUSIF) normal operating level (NOL), NAFCU is seeking member credit unions' feedback on evaluating NCUSIF performance, data sources, modeling timelines, and more.






NAFCU to HFSC: Support changes that allow CUs to serve underserved areas, offer MBL loans [ [link removed] ]
Ahead of today’s House Financial Service Committee hearing to provide oversight of the nation’s largest banks, NAFCU’s Brad Thaler wrote to the committee to call for support of the Expanding Financial Access for Underserved Communities Act – which would make a change to the Federal Credit Union Act that would allow all types of credit unions to add underserved areas to their fields of membership.



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