NCUA
Board set to finalize budget, RBC delay
The NCUA Board Thursday is
set to finalize its proposed 2020-2021 budget and issue a final rule to delay
the implementation of its risk-based capital (RBC) rule. The board will also receive
a briefing on the normal operating level (NOL) for the 2020 National Credit Union Share Insurance Fund (NCUSIF).
NAFCU
on CCPA: Law shouldn't apply to CUs as it creates confusion, compliance burdens
In a letter to California Attorney General Xavier Becerra, NAFCU's Mahlet
Makonnen outlined a number of concerns the association and its member credit unions
have related to the California Consumer Privacy Act (CCPA), which is set to take
effect Jan. 1., 2020. NAFCU is an advocate for a uniform federal standard –
not a patchwork of state privacy laws – and this week unveiled principles for a national data privacy standard.
5
things CU leaders need to know
NAFCU's widely-read NAFCU Today
is credit union leaders' go-to source for the latest on issues impacting
the credit union industry. For those short on time, here's a roundup of this week's need-to-know news bits.
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FinCEN's BSA analysis reflects rise of elder financial abuse
In
light of a recent increase in suspicious activity report (SAR) filings, the Financial
Crimes Enforcement Network (FinCEN) Wednesday published a strategic analysis of
Bank Secrecy Act reporting over the past six years. The report indicates that
elder Americans face increased threats to their financial security from domestic and foreign actors.
NAFCU
talks marijuana banking landscape with state AGs, regulators
NAFCU
Regulatory Affairs Counsel Kaley Schafer yesterday provided insights into regulatory
challenges facing financial institutions that serve marijuana-related businesses
(MRBs). Schafer was part of a panel at a Regulator Roundtable, hosted by the Maryland
Medical Cannabis Commission, which also featured representatives from state credit union and bank supervisory groups.
NAFCU
seeks input on residential real estate appraisal proposal
As the NCUA
considers raising the threshold requirement to $400,000 for an appraisal of a
single one-to-four family residential property, NAFCU is seeking credit unions'
feedback on how the increase would impact institutions' operations.
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For two days only, NAFCU is offering
a flash sale on all webinars. Credit unions can save 50 percent off each webinar
purchased Tuesday and Wednesday. One purchase provides unlimited access to that webinar for a year.
