Also: Top 5 things CU CEOs need to know this week; Save on special risk management package



NAFCU TODAY | The News You Need Daily.

October 25, 2019



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NCUA proposes rule to address FOM lawsuit concerns [ [link removed] ]
The NCUA Board Thursday proposed a rule to make the 2016 field of membership (FOM) rule consistent with the recent decision from the U.S. Court of Appeals for the D.C. Circuit in the lawsuit brought by the American Bankers Association (ABA). NAFCU stood by the NCUA throughout the lawsuit and has urged the NCUA to continue efforts to modernize FOM rules.


5 things CU leaders need to know [ [link removed] ]
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 need-to-know news bits:


Save now on risk management resources [ [link removed] ]
Credit unions have one week left to take advantage of NAFCU's special webinar package focused on key risk management issues related to the current expected credit loss (CECL) standard, internal fraud, and more. The package – featuring four webinars at a discounted price – allows credit unions to stay up-to-date on emerging risks and develop strategies to better protect their institutions.






Lawmakers discuss need for federal data security laws [ [link removed] ]
Sen. Thom Tillis, R-N.C., emphasized the need for a federal law that addresses data breach, data privacy and ownership issues during a Senate Banking Committee hearing Thursday. Ahead of the hearing on data privacy rights and data valuation, NAFCU Vice President of Legislative Affairs Brad Thaler urged the committee to consider a national standard for institutions that collect and store consumer information.


Despite dip, new-home sales show solid annual growth [ [link removed] ]
Although new-home sales fell slightly in September to 701,000 annualized units, the month's sales were 15.5 percent higher than last year. NAFCU Chief Economist and Vice President of Research Curt Long said "[a] key to this year's housing resurgence has been increased construction activity."



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NAFCU Calendar: [link removed]





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