Also: Michigan Gov. establishes groundbreaking CDFI state-level fund

August 3, 2022

Senators introduce NAFCU-opposed bill providing NCUA with additional vendor authority ([link removed] )

Senators Jon Ossoff, D-Ga., Cynthia Lummis, R-Wyo., and Mark Warner, D-Va., Monday introduced S. 4698, the Improving Cybersecurity of Credit Unions Act, which would give the NCUA additional authority to examine credit unions’ third-party vendors.

CDFIs top of mind at Congressional, state levels ([link removed] )

Michigan Governor Gretchen Whitmer signed Michigan’s 2022 state budget legislation last week, which includes $75 million in the general fund for grants to the state’s community development financial institutions (CDFIs) and enacts a new, NAFCU-supported Michigan CDFI Fund. The legislation establishes that the fund must be developed within 84 days of the effective date of the budget.

NAFCU, trades urge CFPB to define ‘larger participant’ in data aggregation market ([link removed] )

NAFCU, along with several trades Monday, signed on to a petition asking the CFPB to initiate a rulemaking, under section 553(e) of the Administrative Procedure Act (APA), to define the “larger participants” in the market for data aggregations services that will be subject to CFPB supervision.

Save $200.00 with code BEIMPACTFUL by 8/12 for NAFCU’s Congressional Caucus

Don’t let your CU fall prey to revenue-draining regulations and competitor-induced attacks. Have an impact on averting top political risks to your CU ([link removed] ) . Register today!

View Agenda ([link removed] )

Fed SLOOS survey reveals tighter lending standards during second quarter ([link removed] )

The Federal Reserve’s July senior loan officer opinion survey (SLOOS) on bank lending practices examined changes in the standards and terms on demand for bank loans to businesses and households during the second quarter of 2022. According to the survey, regarding loans to businesses, respondents reported tighter standards and stronger demand for commercial and industrial loans to firms of all sizes over the second quarter.

Caucus22_Skyscraper1 ([link removed] )

NAFCU CALENDAR ([link removed] )

AUG

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6 Criteria to Benchmark Your Credit Union’s 401(k) Plan ([link removed] )

Complimentary Webinar

AUG

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Supervisory Committee: Laws, Rules, Regulations and Best Practices ([link removed] )

Webinar

AUG

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

Comments Due to NAFCU

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16 - 18
Virtual Risk Management Seminar ([link removed] )

A Virtual Event

NAFCU Vendor Directory - Digital and Online Banking ([link removed] )

Savings extended due to popular demand! ([link removed] )

Join us at NAFCU’s CFO Summit, September 20 – 22 in Annapolis, MD. Secure the solutions you need to achieve success and network with your peers. View agenda ([link removed] ) .

$200.00 savings ends 8/19 with code CFOSAVINGS

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National Association of Federally-Insured Credit Unions. 3138 10th St N Arlington, Virginia 22201

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