Also: Cybersecurity resources to address threats; NAFCU suggests bureau stop collecting burdensome HMDA data



NAFCU TODAY | The News You Need Daily.

October 15, 2019



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This week: Kraninger gives CFPB update as Congress returns [ [link removed] ]
After a two-week recess, the House and Senate are back in session today. NAFCU will continue its advocacy efforts on a number of key credit union issues, including the FY 2020 National Defense Authorization Act, and CFPB Director Kathy Kraninger will provide an update on the bureau's efforts to the House Financial Services Committee and Senate Banking Committee Wednesday and Thursday, respectively.


CUs: Understand, address cybersecurity threats with these resources [ [link removed] ]
NAFCU's most recent Economic & CU Monitor report revealed that credit unions are more concerned about cyber risks in recent years and the issue receives heightened focus in October, which is recognized as National Cybersecurity Awareness Month. The National Counterintelligence and Security Center (NCSC) has a variety of resources available to help credit unions effectively address cyber threats.


NAFCU to CFPB: Stop collecting overly-burdensome HMDA data [ [link removed] ]
Highlighting that member credit unions' compliance costs related to Home Mortgage Disclosure Act (HMDA) data collection have risen 121 percent in less than a decade, NAFCU's Kaley Schafer offered suggestions to make compliance less burdensome – primarily by eliminating data points that do not ultimately support HMDA's goals.






Reminder: Join NAFCU for update on CU priorities today [ [link removed] ]
Today, NAFCU President and CEO Dan Berger and senior leaders of the association's award-winning advocacy team will give members an update on credit union issues, including NAFCU's advocacy efforts on Capitol Hill related to the credit union tax exemption and FY 2020 National Defense Authorization Act (NDAA), as well as recent policies and rulemakings from the NCUA and CFPB.



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NAFCU Calendar: [link removed]





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