Also: Learn more about CCPA requirements in new blog; FFIEC updates booklet for business continuity

NAFCU Today
The News You Need Daily
 

November 15, 2019

5 things CU leaders need to know
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.

Compliance Blog tackles CCPA requirements for CUs
NAFCU Senior Regulatory Compliance Counsel Elizabeth LaBerge details the requirements and proposed regulations of the California Consumer Privacy Act (CCPA) in a new post on the Compliance Blog. The CCPA, which was enacted in 2018, is set to take effect Jan. 1, 2020.

FFIEC updates Business Continuity Management booklet
The Federal Financial Institutions Examination Council (FFIEC) – which is comprised of five banking regulators, including the NCUA and CFPB, and state regulator representatives – Wednesday released an updated Business Continuity Management booklet focused on business-wide approaches to ensure operations are not disrupted or can easily recover after a disaster.


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.

View datasheet

CFPB outlines plan for small biz data collection rule
The CFPB is seeking summary judgment in a lawsuit brought against it for allegedly violating the Administrative Procedures Act (APA). The California Reinvestment Coalition, National Association for Latino Community Asset Builders, and two individual small business owners claim the bureau has violated the law by not issuing regulations to implement Section 1071 of the Dodd-Frank Act, which is related to small business lending data collection.


Access to Money
Read in The NAFCU Journal how, with the support of the SBA, credit unions are strengthening their commercial lending.


5 CECL Panel Discussion Takeaways from 2019 Annual Conference
The adoption date for CECL is extended; spend the extra time collecting data for better control over your allowance and reduced volatility in your calculations.

 

NAFCU CALENDAR
NOV
19
SAFE ACT: Training on the Secure and Fair Enforcement for Mortgage Licensing Act of 2008
Webinar
NOV
20
Who Are You? Branding You.
FREE Live Webinar
NOV
21
BSA Challenges: Dealing with Current Fraud Schemes
Webinar
DEC
4
Seeing Fraud in 2020: Strategies to Prevent Fraud Next Year
FREE Live Webinar
DEC
11-12
Credit Union CFO Summit
Huntington Beach, CA
 

 

 

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