Also: Rep. Fitzgerald introduces NAFCU-supported CFPB accountability bill

July 22, 2022

NCUA Board issues asset and supervision threshold final rule, receives mid-session budget briefing ([link removed] )

The NCUA Board met Thursday where a briefing on the 2022 mid-session budget revealed the projected Operating Budget surplus for 2022 is around $18 million. In addition, the board unanimously approved two items: a final rule that would amend its regulations to increase the $10 billion asset threshold used for assigning supervision of federally insured credit unions (FICUs) to the Office of National Examinations and Supervision (ONES) to $15 billion, and a proposed rule that would require a FICU to notify the NCUA no later than 72 hours after it reasonably believes that a reportable cyber incident has occurred.

Rep. Fitzgerald introduces NAFCU-supported CFPB accountability bill ([link removed] )

Representative Scott Fitzgerald, R-Wisc., Wednesday introduced the NAFCU-supported Making CFPB Accountable to Small Business Act, a bill that would repeal the Dodd-Frank Act’s burdensome data collection rule, Section 1071. NAFCU has sought a number of changes to the rule, citing the significant compliance costs and the additional burden it would place on credit unions.

NAFCU Reg Alert seeks feedback on FHFA’s RFI on fintechs ([link removed] )

NAFCU sent members a Regulatory Alert Thursday on the Federal Housing Finance Agency’s (FHFA) request for information (RFI) seeking public input on the role of technology in housing finance to gain a broader understanding of the level of innovation throughout the mortgage lifecycle.

Hurry! $200.00 savings ends next week with code CFOSAVINGS

NAFCU’s CFO Summit is on September 20 – 22 in Annapolis, MD. You’ll find solutions to your biggest challenges as CFOs and earn 13.50 CPE credits.

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5 things to know this week ([link removed] )

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 top need-to-know updates and resources.

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NAFCU CALENDAR ([link removed] )

JULY

22
FinCEN - No-Action Letter Process ([link removed] )

Comments Due to NAFCU

JULY

22
CFPB - Credit Card Late Fees and Late Payments ([link removed] )

Comments Due to NAFCU

JULY

25
Department of the Treasury - Ensuring Responsible Development of Digital Assets ([link removed] )

Comments Due to NAFCU

JULY

28
Supply Chain Risk Management (SCRM) - The Essential Steps to Building an Effective Practic ([link removed] )

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CFO Summit ([link removed] )

Come network with your peers and acquire best practices to help advance your credit union even further. View agenda ([link removed] ) . Hurry! $200.00 savings ends next week with code CFOSAVINGS.

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