Also: NAFCU, trades meet with FCC on SIP Code 603

July 6, 2022

NAFCU, CUs, Treasury discuss fintech accountability, CFPB supervision over nonbank entities, more ([link removed] )

NAFCU along with several credit union members Tuesday met with the Department of Treasury to discuss credit union industry trends and competition, as well as fintech accountability. NAFCU President and CEO Dan Berger, Senior Vice President of Government Affairs Greg Mesack, Vice President of Regulatory Affairs Ann Petros, and Senior Counsel of Research and Policy Andrew were in attendance at the meeting.

NAFCU, trades meet with FCC on ATIS/SIP Task Force SIP Code 603 efforts ([link removed] )

NAFCU, along with several trade associations, Tuesday met with Federal Communications Commission staff in Chairwoman Rosenworcel’s office to review the Alliance for Telecommunications Industry Solutions (ATIS) Session Initiation Protocol (SIP) Forum NNI Task Force’s efforts to develop an enhanced version of SIP Code 603.

NAFCU identifies cons of a CBDC in letter to Commerce Dept ([link removed] )

NAFCU Senior Counsel for Research and Policy Andrew Morris Tuesday wrote a letter to the Department of Commerce’s International Trade Administration (ITA) in response to its request for comment (RFC) on digital assets, as directed by President Joe Biden's Executive Order on Ensuring Responsible Development of Digital Assets. Through the RFC, the Commerce Department requested feedback on potential impacts that a central bank digital currency (CBDC) would have on the U.S. digital assets sector, to what extent, and more. Of note, NAFCU sent members a Regulatory Alert on the RFC.

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Advocate for your members on Capitol Hill. Don’t miss NAFCU’s Congressional Caucus! Tell lawmakers your story and have an impact in developing key credit union legislation and regulation.

View Agenda ([link removed] )

New CU Industry Trends report shows ‘sturdy’ membership growth ([link removed] )

NAFCU’s latest CU Industry Trends report revealed that share growth is returning to a historically normal level. Of note, decline in share growth coincides with a reduction in investment growth.

New NAFCU Network Insight Post covers CFPB’s membership applications for CUAC, other advisory councils ([link removed] )

In a new insight post on NAFCU’s Compliance, Risk, & BSA Network, NAFCU Regulatory Affairs Counsel James Akin highlights the CFPB’s solicitation of membership applications for its Credit Union Advisory Council (CUAC), in addition to its other councils. According to the bureau, “membership of the advisory committees includes representatives of consumers, diverse communities, the financial services industry, academics, and economists, and appointments to the committees are generally for two years.”

Vehicle sales rise in June; NAFCU expects sales to remain muted, volatile ([link removed] )

Total vehicle sales rose from 12.7 million annualized units in May to 13 million annualized units in June, with monthly sales levels down 16 percent year-over-year. NAFCU Chief Economist and Vice President of Research Curt Long analyzes the data in a new Macro Data Flash report.

CFO22_Skyscrapers_2 ([link removed] )

NAFCU CALENDAR ([link removed] )

JULY

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CFPB - Relationship Banking and Customer Service ([link removed] )

Comments Due to NAFCU

JULY

12
Future of Overdraft ([link removed] )

Complimentary Webinar

JULY

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CU Research Survey Due ([link removed] )

Topic: Data Privacy and Member Service

JULY

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CU Case Study: Sharonview FCU Boosts Membership and Lending with Tech ([link removed] )

Complimentary Webinar

VendorDirectoryAd_Insurance ([link removed] )

The best compliance resource available ([link removed] )

Take advantage of NAFCU's 2022 Credit Union Compliance Roadmap manual, the must-have, electronic resource for credit union professionals.

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