Also: NAFCU offers CU perspective on credit reporting; Final reg on CFPB's interpretive rule on MLA



NAFCU TODAY | The News You Need Daily.

June 29, 2021



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Kaua'i Government Employees FCU's Belz to deliver remarks before FHFA  [ [link removed] ]
Kaua'i Government Employees Federal Credit Union CEO Monica Belz will deliver remarks today on behalf NAFCU at the Federal Housing Finance Agency's (FHFA) listening session on sustainable homeownership. FHFA Acting Director Sandra Thompson, who was appointed to the position last Wednesday, will provide opening remarks.


Thaler breaks down CU perspective on credit reporting ahead of HFSC hearing [ [link removed] ]
NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the House Financial Services Committee Monday ahead of its hearing to examine proposals to overhaul credit reporting to offer the credit union perspective on several of the proposals.


NAFCU issues Final Reg on CFPB's interpretive rule on MLA [ [link removed] ]
NAFCU Monday sent a Final Regulation Alert to members breaking down the CFPB's interpretive rule (IR) explaining the Bureau's authority to conduct examinations related to the Military Lending Act (MLA) at its supervised institutions. The association's Final Regulation Alerts are member-only resources that feature full text and easy to read summaries for final rulemakings affecting credit unions. 






NAFCU's Thaler calls on Congress to support increased funds for CDFIs, CDRLF; underscores danger of postal banking [ [link removed] ]
Ahead of the House Committee on Appropriations markup of the fiscal year 2022 budget for legislative branch, financial services, and general government appropriations bills (FSGG), NAFCU's Brad Thaler reiterated the association's concerns about efforts to promote postal banking.


Florida's robocall bill to become effective July 13 or sooner [ [link removed] ]
Florida Gov. Ron DeSantis is expected to sign Florida's robocall bill into law after being presented the bill on Monday. Of note, the bill adds a private right of action to the state's existing anti-robocall law and requires callers to collect a customer's express written consent before placing any marketing calls to consumers via an automated dialing system.


NCUA to distribute $865M under Corporate System Resolution Program [ [link removed] ]
The NCUA Monday announced it will distribute $865 million to the 1,800 membership capital account holders of the former Members United, Southwest Corporate, and U.S. Central corporate credit unions. In addition, the agency announced the end of its NCUA Guaranteed Notes program.



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