Also: NCUA, CFPB, more announce spring 2022 rulemaking agenda

June 22, 2022

NAFCU continues to advocate on Overdraft Protection and ILC bills before HFSC markup today ([link removed] )

The House Financial Services Committee will hold its rescheduled markup today, where the Committee plans to discuss the NAFCU-opposed Overdraft Protection Act, which would significantly limit overdraft protection programs and the ability to assess nonsufficient fund fees (NSF). Prior to the markup, NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the Committee Tuesday reiterating that credit unions have a focus on the financial health and well-being of their members through many alternative products and services, but cautioning any legislative efforts to eliminate or limit overdraft protection programs would likely result in significant negative impacts on borrowers and credit unions.

NCUA, CFPB, more announce spring rulemaking agenda ([link removed] )

Administrative agencies – including the NCUA and CFPB – have released their spring regulatory agendas, which include several NAFCU and credit union advocacy priorities, as well as already introduced or included items on previous rulemaking agendas.

NAFCU shares concerns around Durbin amendment expansion ahead of SBC Fed hearing ([link removed] )

NAFCU Vice President of Legislative Affairs Brad Thaler Tuesday wrote to the Senate Banking Committee ahead of its hearing to examine the Federal Reserve’s Semiannual Monetary Policy Report to Congress, released earlier this month. Fed Chairman Jerome Powell will testify before the Committee to deliver the report.

CFO Credit Union Summit

Come network with your peers and acquire best practices to help advance your credit union even further.

Save $200.00 with code CFOSAVINGS through 7/29/2022

View Agenda ([link removed] )

CECL Phase-In update in new NAFCU Network insight post ([link removed] )

In an updated insight post on NAFCU’s CFO Network, Regulatory Affairs Counsel James Akin provides credit unions with an update on the NCUA’s CECL transition final rule, announced June of last year. The rule previously created a three-year phase-in of the day-one adverse impacts of the current expected credit loss (CECL) accounting standard on a federally-insured credit union’s (FICU) net worth ratio.

Existing home sales fall again in May ([link removed] )

Existing home sales fell 3.4 percent in May to a seasonally adjusted annualized rate of 5.41 million units, representing an 8.9 percent decrease in sales compared to last year. NAFCU Chief Economist and Vice President of Research Curt Long analyzes the data in the latest Macro Data Flash report.

22-ADS-0611_brand-adjectives_NAFCU-Today-167x300_FINAL-Jun-17-2022-04-29-33-25-PM ([link removed] )

NAFCU CALENDAR ([link removed] )

JUNE

22
Fraud Reduction with Biometrics ([link removed] )

Complimentary Webinar

JUNE

23
State of the Industry ([link removed] )

A Complimentary Virtual Event

JUNE

28
5 Ways You Can Help Older Members Avoid Fraud and Financial Exploitation ([link removed] )

Webinar

JULY

12
Future of Overdraft ([link removed] )

Complimentary Webinar

VendorDirectoryAd_Insurance ([link removed] )

NAFCU’s Congressional Caucus ([link removed] )

Join us at the premier credit union lobbying event of the year. Don’t miss this opportunity to advocate for your members on Capitol Hill and tell lawmakers your story. View agenda ([link removed] ) .

JOIN THE CONVERSATION:

LinkedIn ([link removed] )

Facebook ([link removed] )

Twitter ([link removed] )

YouTube ([link removed] )

Website ([link removed] )

National Association of Federally-Insured Credit Unions. 3138 10th St N Arlington, Virginia 22201

You received this message because you are subscribed to NAFCU emails.

Update your email preferences ([link removed] ) to choose the types of emails you receive.

Received this message from a colleague? Provide your contact information to start receiving our emails ([link removed] ) .

Unsubscribe from all future emails ([link removed] ) .