Also: CFPB announces plan to review credit card late fees

June 23, 2022

HFSC drops NAFCU-opposed Overdraft Protection Act from markup ([link removed] )

The House Financial Services Committee pulled the NAFCU-opposed Overdraft Protection Act during its rescheduled markup Wednesday. NAFCU has long advocated against the bill, as it would significantly limit overdraft protection programs and the ability to assess nonsufficient fund fees (NSF).

CFPB announces review of credit card late fees collected by FIs ([link removed] )

The CFPB Wednesday announced an Advance Notice of Proposed Rulemaking (ANPR) in an effort to sharply reduce the $12 billion in late credit card fees that financial institutions, including credit unions, collect each year.

Today: NAFCU’s 2022 State of the Industry begins ([link removed] )

NAFCU’s State of the Industry starts today, taking place from 1:00 to 4:00 p.m. Eastern. This complimentary virtual event – open to all credit unions – will bring together industry leaders, experts, and NAFCU's award-winning staff for a discussion on key trends, strategies, and legislative and regulatory developments. Registration is still open!

NAFCU CFO 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] )

NAFCU's Small Biz Lending Working Group hears from SBA staff on CU participation in lending programs ([link removed] )

The NAFCU Small Business Lending Working Group held its quarterly meeting Wednesday where member credit unions and NAFCU staff heard from Small Business Administration (SBA) Office of Capital Access staff. Attendees reviewed the latest legislative and regulatory updates regarding small business lending.

NAFCU’s SIF Committee talks forecast, updates, more ([link removed] )

NAFCU’s Share Insurance Fund (SIF) Committee met Wednesday to discuss recent SIF updates. Of note, the NCUA Board was briefed on the SIF quarterly report during its May meeting, where agency staff noted that SIF assets totaled $20.6 billion, a decline of $132 million from the prior quarter, primarily due to unrealized losses in the investment portfolio. The six-month projection of the equity ratio is 1.25 percent for the period ending June 30, 2022.

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

NAFCU CALENDAR ([link removed] )

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

JULY

19
ACH 201 Bootcamp ([link removed] )

Webinar

VendorDirectoryAd_Risk Management ([link removed] )

CFO Summit ([link removed] )

Come network with your peers and acquire best practices to help advance your credit union even further. Here’s a sneak peek of the agenda ([link removed] ) . Save $200.00 with code CFOSAVINGS through 7/29/2022.

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] ) .