NAFCU
reiterates support for underserved areas draft bill ahead of hearing
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
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
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).
2 Days
Left: Save $250 on Invaluable CU Training
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by July 23 at 11:59 p.m. ET to save $250 on any NAFCU Online Training Subscription.
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updates and training.
Virtual
BSA School to tackle beneficial ownership, SARs, more today
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.
