Kaua'i
Government Employees FCU's Belz to deliver remarks before FHFA
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
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
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.
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NAFCU's
Thaler calls on Congress to support increased funds for CDFIs, CDRLF; underscores danger of postal banking
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
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
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.
