Wells
Fargo asks court to stay RDC decision; appeal likely
Wells Fargo this
week filed a motion with the U.S. District Court for the Eastern District of Texas
asking the court to stay the recent jury decision that found Wells Fargo intentionally
infringed on USAA's remote deposit capture (RDC) patents and ordered Wells Fargo to pay $200 million in damages.
NAFCU's
data privacy principles gain national attention as senators debate legislation
As the Senate Commerce Committee Wednesday examined legislative proposals to protect
consumer data privacy, NAFCU's newly published data privacy principles garnered
national attention in Politico's Morning Money. NAFCU shared the principles
with the committee ahead of the hearing.
CECL,
serving communities in need discussed by Hood, FI regulators at hearing
NCUA Chairman Rodney Hood and other financial regulators testified before the
House Financial Services Committee Wednesday sharing insights into the safety
and soundness of the U.S. financial system and how institutions are prioritizing
diversity and inclusion in financial services.
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NAFCU
wants CUs protected as House passes bill targeting robocalls
Lawmakers
in the House Wednesday, in a 417-3 vote, passed legislation that would expand
the Federal Communications Commission's (FCC) enforcement authority over
violations of the Telephone Consumer Protection Act (TCPA) and require voice services
providers to authenticate and block illegal robocalls.
Dec.
18 member call: What CUs need to know to close out the year
From government
funding status, to data privacy legislation, to litigation threats and more, NAFCU's
Q4 Member Call-In happening Dec. 18 will provide credit unions with key updates
to finish 2019 strong and be well-prepared for any potential changes coming in 2020.
How
are CUs addressing BSA/AML compliance?
NAFCU is currently seek insights
into issues related to the Bank Secrecy Act (BSA)/anti-money laundering (AML)
regime. Association-member credit unions can provide their feedback through the
November Economic & CU Monitor survey; responses are due tomorrow.
SBA
finalizes NAFCU-supported changes to bolster CUs' lending
The
Small Business Administration (SBA) finalized its rule to streamline and modernize
its Certified Development Company (CDC) program corporate governance requirements.
NAFCU offered its support for the changes, highlighting that the rule would bolster
credit unions' 504 lending to members.
Vehicle
sales remain 'stable' following November rebound
Total vehicle
sales increased to a rate of 17.1 million annualized units in November – regaining
October's losses with the largest monthly increase since May.
