Also: NAFCU expresses support for bill to increase veterans’ access to financial services

May 18, 2022

NAFCU, trades write to House in support of The Close the ILC Loophole Act ([link removed] )

Prior to its markup Tuesday, NAFCU joined with other trade associations Tuesday to write to House Financial Services Committee Chairwoman Maxine Waters, D-Calif., and Ranking Member Patrick McHenry, R-N.C., strongly supporting H.R. 5912, The Close the ILC Loophole Act. In the letter, the groups reiterated that industrial loan companies (ILCs) operate under an exemption in federal law that does not give them the same regulatory oversight as other financial institutions, and therefore “poses risks to the financial system and additional risks for consumers and taxpayers.”

NAFCU shares support for bill to increase veterans’ access to financial services ([link removed] )

NAFCU Vice President of Legislative Affairs Brad Thaler Tuesday wrote to the House Veterans’ Affairs Committee ahead of today’s hearing to voice the association’s support for the draft legislation, Building Credit Access for Veterans Act of 2022. This draft mirrors legislation introduced in the Senate last year (S. 1838).

NAFCU, trades ask ATIS/SIP Task Force for additional clarity on SIP Code 603 ([link removed] )

NAFCU along with several trade associations earlier this week wrote to the Alliance for Telecommunications Industry Solutions (ATIS)/ Session Initiation Protocol (SIP) Forum NNI Task Force (Task Force), the governing body that regulates call network providers, urging for additional clarity when callers receive a SIP Code 603 notification.

Complimentary Virtual Event: NAFCU’s State of the Industry

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Retail sales grow again in April ([link removed] )

Total retail sales rose by 0.9 percent in April, following an increase of 1.4 percent in March and an increase of 1.7 percent in February. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report.

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NAFCU CALENDAR ([link removed] )

MAY

20
BSA Training for Your Board ([link removed] )

Webinar

MAY

24
Anti-Money Laundering (AML) Model Validation ([link removed] )

Webinar

MAY

26
BSA Training for Your Staff ([link removed] )

Webinar

JUNE

9
How to Detect and Prevent Employee Fraud ([link removed] )

Webinar

VendorDirectoryAd_Insurance ([link removed] )

Complimentary NAFCU’s State of the Industry Virtual Event ([link removed] )

Get the data, trends and takeaways you need now to help your credit union grow and thrive!

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