Also: NAFCU, 140 organizations oppose the Credit Card Competition Act

September 2, 2022

NCUA revises interest rate risk supervisory framework ([link removed] )

The NCUA has issued a Letter to Credit Unions that clarifies the agency's interest rate risk (IRR) supervisory framework and makes it more flexible. The agency stated that the changes to the IRR supervisory framework are intended to improve the “NCUA’s supervision of IRR in credit unions given current market conditions.”

NAFCU, 140 organizations oppose the Credit Card Competition Act ([link removed] )

The Electronics Payment Coalition (EPC) recently released a list of more than 140 organizations that oppose the Credit Card Competition Act, which was introduced in July by Senators Dick Durbin, D. Ill., and Roger Marshall, R. Kansas. The organizations listed span across finance, banking, merchant, and consumer advocate industries and all agree that the proposed credit card routing mandates included in the legislation are bad for consumers, small businesses, and financial institutions of all sizes.

Reps. Barr and Rose write to CDFI Fund on CU difficulties with recertification, more ([link removed] )

Following NAFCU’s advocacy for Community Development Financial Institutions (CDFIs), Representatives Andy Barr, R-Ky., and John Rose, R-Tenn., wrote to CDFI Fund Director Jodie Harris on recent issues collected from multiple CDFI credit unions regarding CDFI application delays, lack of communication, inconsistent cure periods, and more.

Easily find the compliance answers you need!

Get a sneak peek inside ([link removed] ) the NAFCU Compliance Roadmap: the must-have, electronic resource for all credit union compliance professionals.

Get a Sneak Peek ([link removed] )

Now streaming: Learn about Freddie Mac’s appraisal modernization initiatives on the CUPP ([link removed] )

The latest episode of NAFCU’s Credit Union Policy Podcast (CUPP), which launched in early July, features a discussion between Scott Reuter, Freddie Mac’s Chief Appraiser and Director of Valuation, Single Family, Mortgage Credit Risk Management and CUPP host, NAFCU Vice President of Regulatory Affairs Ann Petros, on all things appraisal modernization and eliminating appraisal bias.

NAFCU office closed for Labor Day ([link removed] )

NAFCU’s offices will be closed Monday in observance of the Labor Day holiday. Credit union members will still have access to the association’s website for resources as well as regulatory and legislative updates on key issue areas.

Registration still open for NAFCU’s CFO Summit ([link removed] )

Registration is still open for NAFCU’s 2022 CFO Summit, happening September 20-22 in-person in Annapolis, Md.

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.

HFSC releases September schedule ([link removed] )

House Financial Services Committee Chairwoman Maxine Waters, D-Calif., has announced the committee’s September schedule. NAFCU will monitor several hearings on topics of note.

Lending22_Skyscraper2 ([link removed] )

NAFCU CALENDAR ([link removed] )

SEPT

6
2022 Innovation Awards Finalist Demo: Pentegra Retirement Plan Trends Study ([link removed] )

Complimentary Webinar

SEPT

7
Why a Data Strategy is Critical for Credit Unions ([link removed] )

Complimentary Webinar

SEPT

8
Digital Optimization Strategies in the Experience Age: Are You Optimizing for Your Members? ([link removed] )

Complimentary Webinar

SEPT

8
When Violence Strikes: Active Shooter ([link removed] )

Webinar

VendorDirectoryAd_Consulting ([link removed] )

Stay on top of evolving regulatory trends and hot topics in compliance and BSA ([link removed] )

Attend NAFCU’s Regulatory Compliance & BSA Seminar, Sept. 27 – 29 in Louisville, to recertify your NCCO or NCBSO while giving yourself the power to confidently tackle evolving regulatory trends. View agenda. ([link removed] )

JOIN THE CONVERSATION:

LinkedIn ([link removed] )

Facebook ([link removed] )

Twitter ([link removed] )

YouTube ([link removed] )

Website ([link removed] )

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

You received this message because you are subscribed to NAFCU emails.

Update your email preferences ([link removed] ) to choose the types of emails you receive.

Received this message from a colleague? Provide your contact information to start receiving our emails ([link removed] ) .

Unsubscribe from all future emails ([link removed] ) .