Efforts
to eliminate robocalls focus of NAFCU, FCC meeting
NAFCU met with FCC
Commissioner Michael O'Rielly Tuesday to discuss ongoing efforts to eliminate
illegal robocalls and to implement the new caller identification framework known
as SHAKEN/STIR. NAFCU has actively worked with the FCC on efforts to modernize
the Telephone Consumer Protection Act (TCPA) for more than three years, and will
continue to work to ensure credit unions can contact their members regarding important,
time-sensitive information, without fear of frivolous litigation.
Compliance
Blog highlights BSA penalty increases
NAFCU Regulatory Paralegal Shari
Pogach details the Financial Crimes Enforcement Network's (FinCEN) recent
final rule to reflect the annual inflation adjustment to its civil monetary penalty
amounts for Bank Secrecy Act (BSA) violations in a new post on the NAFCU Compliance Blog.
CUs:
Learn more about small biz lending today
The NCUA and Small Business
Administration (SBA) today are hosting their second joint webinar aimed at increasing
credit unions' small business lending. The agencies earlier this year entered
into an agreement that launched a three-year collaboration to provide webinars,
training events, and media outreach to increase credit unions' understanding
and usage of SBA-backed loans and resources.
2019 NAFCU Accomplishments
We are proud to
serve over 51% of the industry's assets! Thanks for joining us in our journey
of growth. See more of what we achieved together this year.
NAFCU's
Reg Team updates CUs on data privacy, CECL, more
NAFCU's Regulatory
Affairs team reviewed a number of data privacy efforts, including the California
Consumer Protection Act (CCPA), during a Regulatory Committee meeting Tuesday.
In addition, the team tomorrow is offering a webinar to update credit unions on
the current expected credit loss (CECL) standard, housing finance reform, and more.
