Also: SCOTUS schedules oral arguments in CFPB case; Litigation threats top November's compliance issues



NAFCU TODAY | The News You Need Daily.

December 2, 2019



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This week: NCUA testifies before Congress; Senate Commerce to discuss data privacy [ [link removed] ]
Congress returns to session this week. With only three weeks until the expiration of federal government funding, lawmakers are expected to work on fiscal year 2020 spending bills in order to avert a shutdown. In addition, the House Financial Services Committee and Senate Banking Committee will hold hearings with financial services regulators, including the NCUA.


Supreme Court schedules oral arguments in CFPB structure challenge [ [link removed] ]
The U.S. Supreme Court is currently scheduled to hold oral arguments March 3, 2020, in the lawsuit filed by Seila Law challenging the CFPB's single-director structure. The CFPB previously announced it would no longer defend its director structure, following years of lawsuits and calls to reform it from various stakeholders.


Top 5 compliance issues of November: Overdraft and RDC patent litigation, CCPA regs [ [link removed] ]
NAFCU's award-winning compliance team works daily to offer compliance assistance and services to keep credit unions informed of the ever-changing regulatory environment. Each month, the team answers hundreds of compliance-related questions and blogs on key issues. In 2019, the team answered numerous member questions, while authoring blog posts, articles, charts, guides and tools.






CYBER Monday: Save $333 on NAFCU's educational offerings [ [link removed] ]
Holiday shopping is now in full force and NAFCU is celebrating with a CYBER Monday sale, giving credit unions one last chance to save $333 on its 2020 conference registrations and online training programs. There is no limit to how many times the CYBER code can be used; it expires at 11:59 p.m. Eastern.


Fed approves 2020 fees for priced services [ [link removed] ]
The Federal Reserve Board has approved of the fee schedules for payment services the Federal Reserve Banks provide to depository institutions in 2020. The changes are estimated to result in a 2.4 percent average price increase across their services.


Despite volatility, NAFCU economist expects steady GDP growth in 2020 [ [link removed] ]
The Commerce Department released its revised estimate for third quarter economic growth, which it bumped from its initial estimate of 1.9 percent to 2.1 percent. NAFCU Chief Economist and Vice President of Research Curt Long attributed the upward revision to "consumer spending, which exceeded expectations."



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