This
Week: NAFCU testifies on MDI support, meets with CFPB on innovation policies,UDAAP
Mara Falero, vice president of marketing and communication at JetStream Federal
Credit Union, is set to testify on behalf of NAFCU this week before the House
Financial Services Subcommittee on Consumer Protection and Financial Institutions.
During her testimony, Falero will discuss supporting the credit union industry's
more than 600 minority depository institutions (MDIs), including JetStream Federal Credit Union.
Supreme
Court to rule on CFPB structure
The U.S Supreme Court last week agreed
to hear a case, filed by Seila Law, challenging the CFPB's single-director
structure. Last month, CFPB Director Kathy Kraninger notified congressional leaders
that the bureau would no longer defend its director structure, following years
of lawsuits and calls from various stakeholders.
NAFCU
sees opportunity in HUD disparate impact updates
In response to the
Department of Housing and Urban Development’s (HUD) proposed rule on its implementation
of the Fair Housing Act's (FHA) disparate impact standard, NAFCU on Friday
sent a letter in support of several amendments while also offering up potential additions and suggestions to the rule.
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NCUA
Board announces 2020 meeting dates
The NCUA Friday published its schedule
of open board meetings for 2020. All meetings are slated to begin at 10 a.m. Eastern
at the agency's headquarters, but the schedule is subject to change at any time.
Prepare
for Jan. 2 FCU bylaws with Compliance Blog
NAFCU Vice President of
Regulatory Compliance Brandy Bruyere answered frequently asked questions on the
NCUA's bylaws - both old and new - in a new post on the Compliance Blog.
The NCUA Board last month unanimously passed a final rule that codifies in one
place several existing NCUA legal opinions and clarifies several bylaw provisions.
NAFCU
Insights detail potential BSA reform
Following NAFCU's meeting
with the Financial Crimes Enforcement Network's (FinCEN) Office of Regulatory
Policy and recent regulatory relief efforts related to Bank Secrecy Act/Anti-Money
Laundering (BSA/AML), NAFCU Regulatory Affairs Counsel Kaley Schafer provided
insights in to the group's discussion in a new post on the member-only Compliance, Risk & BSA Network.
