NAFCU
to regulators: CUs are committed to responsible AI innovation
In response
to a request for information regarding credit unions use of artificial intelligence
(AI) from the federal financial regulators – including the NCUA – NAFCU submitted
comments detailing how credit unions leverage AI.
4 things to know this week
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source
for the latest on issues impacting the credit union industry. For those short
on time, here's a roundup of this week's top need-to-know updates and resources.
NAFCU
issues Final Reg on NCUA's capitalization of interest rule
NAFCU
Thursday sent a Final Regulation Alert to members breaking down the NCUA’s final
rule that ends the prohibition against the capitalization of interest in connection
with loan workouts and modifications. 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.
Register for the 2021 Innovation Spotlight
[Virtual Event]
Join Dan Berger and industry experts on digital
lending, UX, cannabis banking, cryptocurrency, and demos of next-gen technologies.
NAFCU,
trades offer insights on ULC's finalized uniform data protection act
NAFCU joined with several other organizations Thursday to provide insights on
Uniform Law Commission's Uniform Personal Data Protection Act (UPDPA). The
finalized UPDPA was presented by its drafting committee during a NAFCU-attended ULC meeting last month.
New
on the Compliance Blog: SBA lending, CTR exemptions, advance child tax credits
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.
