NAFCU's
Hunt provides CUs with RDC update; New Compliance Blog tackles issue
NAFCU's Carrie Hunt updated credit unions and discussed unresolved legal
questions relating to remote deposit capture (RDC) patent litigation in an email
sent Tuesday to members. Earlier this month, a jury in Texas determined that Wells
Fargo had intentionally infringed on USAA's mobile RDC patents, resulting
in $200 million in damages to be paid by Wells Fargo to USAA.
Accountability,
efficiency among Long's recommendations for NCUA budget
NAFCU's
Curt Long is set to testify before the NCUA Board today on the agency's proposed
2020 and 2021 budgets. Long will reiterate the association's call for prudent
management of funds by suggesting ways to improve accountability, specifically
through cost-benefit analysis of NCUA programs as well as rules.
FHFA
to re-propose capital rule for GSEs
The Federal Housing Finance Agency
(FHFA) announced Tuesday that it will re-propose its rule – likely sometime
next year – to set capital requirements for the government-sponsored enterprises
(GSEs), Fannie Mae and Freddie Mac. FHFA Director Dr. Mark Calabria indicated
that this was a possibility while at NAFCU's Congressional Caucus in September.
2019 Most Popular
Member Resources
See the list and more in our 2019 accomplishments.
NAFCU
cites accountability as key issue for NCUA budget in new op-ed
Ahead
of the NCUA public budget briefing, NAFCU's Carrie Hunt published an op-ed
in Credit Union Journal expressing the association's commitment to ensuring
the NCUA properly manages credit union funds throughout the budgeting process.
House
passes 1-month budget extension; Senate vote expected
The House Tuesday
passed a short-term spending bill to extend federal government funding through
Dec. 20. As current funding is set to expire at midnight tomorrow, Senate leaders
said the chamber will vote on the continuing resolution before the deadline in
order to avert a shutdown. President Donald Trump has indicated he will sign the short-term extension.
