Also: Long outlines recommendations for efficient NCUA budget; NCUA Board considers real estate appraisals proposal



NAFCU TODAY | The News You Need Daily.

November 21, 2019



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NAFCU Board meets with Fed's Bowman, NCUA's Hood today [ [link removed] ]
The NAFCU Board of Directors today is set to meet with Federal Reserve Board Governor Michelle Bowman, who has experience working with community banking institutions, and NCUA Board Chairman Rodney Hood to advocate directly on issues affecting the credit union industry.


NAFCU recommends cost-benefit analysis, exam modernization to strengthen NCUA budget [ [link removed] ]
Noting that the NCUA is "the leader among financial services regulators by publishing a detailed, draft budget and soliciting candid feedback from the industry to improve the efficient use of its sizeable budget," NAFCU's Curt Long Wednesday offered recommendations to help the agency "manage its funds in a prudent and transparent way."


Today: NCUA Board to discuss real estate appraisals, second chance initiative [ [link removed] ]
The NCUA Board today is expected to issue a proposed rule on residential real estate appraisals, and a final Interpretive Ruling and Policy Statement (IRPS), known as the Second Chance IRPS, that would allow credit unions to more easily hire job candidates with minor criminal records. The board is also set to receive a briefing on the National Credit Union Share Insurance Fund (NCUSIF) quarterly report.






CFPB begins TRID assessment [ [link removed] ]
The CFPB Wednesday issued a request for information to assess the Truth in Lending Act (TILA)/Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) rule. NAFCU met with the bureau earlier this year to discuss the costs and benefits of implementing the rule, as well as credit unions' concerns and recommendations for more guidance.


NAFCU's Thaler stresses need for data security as Macy's announces breach [ [link removed] ]
Ahead of today's House Financial Services Committee Task Force on Financial Technology hearing to examine the role of big data in financial services, NAFCU Vice President of Legislative Affairs Brad Thaler reiterated NAFCU's belief that the security of a consumer's financial data is a major aspect of consumer privacy and protection.


Save on trainings, events during NAFCU's CYBER sale [ [link removed] ]
Credit union professionals are marking their calendars for this coming Monday – Nov. 25 – as NAFCU kicks off the holiday season early with its Pre-Cyber Monday sale. Monday only, credit unions can save $333 with code CYBER on NAFCU's top-rated conferences and online training subscriptions. There is no limit to how many times the code can be used.


NAFCU economist: October FOMC minutes indicate no further rate cuts, hikes [ [link removed] ]
Members of the Federal Open Market Committee (FOMC) – the Federal Reserve's monetary policy-setting arm – agreed that the labor market had remained strong since the last meeting, with economic activity rising at a moderate rate, according to minutes from the committee's October meeting released Wednesday.



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