Also: New NAFCU Reg Alert tackles HUD proposal; Reg Committee meets to discuss industry hot topics
NAFCU TODAY | The News You Need Daily.
July 21, 2021
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NAFCU reiterates support for underserved areas draft bill ahead of hearing [ [link removed] ]
Today a House Financial Services Subcommittee will hold a hearing on expanding access to the financial system where legislation under consideration includes a NAFCU-supported proposal to allow all federal credit unions the ability to add underserved areas to their field of membership (FOM). NAFCU's Brad Thaler wrote to the subcommittee ahead of the hearing to encourage support of these efforts.
New Reg Alert breaks down HUD proposal [ [link removed] ]
The Department of Housing and Urban Development (HUD) issued a proposed rule to rescind its 2020 final rule to amend the Fair Housing Act's disparate impact standard and restore the 2013 discriminatory effects rule. In a new Regulatory Alert sent to members Monday, NAFCU seeks credit union feedback on the proposal.
NAFCU Reg Committee discusses change in leadership at FHFA, recent regulator proposals [ [link removed] ]
NAFCU's Regulatory Committee met Tuesday and discussed proposed rulemakings currently open for comment from the NCUA, the Federal Reserve, and the Department of Housing and Urban Development (HUD). NAFCU staff also provided an overview of recent developments regarding the recent change in leadership at the Federal Housing Finance Agency (FHFA).
Virtual BSA School to tackle beneficial ownership, SARs, more today [ [link removed] ]
The second day of NAFCU's Virtual BSA School begins this morning with a session detailing beneficial ownership requirements, followed by several sessions filled with need-to-know information for credit union compliance professionals.
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