Also: Senate advances stopgap funding bill
September 28, 2022
NAFCU, trades warn Congressional leaders on risks surrounding House interchange bill ([link removed] )
On Tuesday, NAFCU joined the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the Credit Union National Association, the Electronic Payments Coalition, the Independent Community Bankers of America, and the National Bankers Association in a letter to House Speaker Nancy Pelosi, D-Calif., and Minority Leader Kevin McCarthy, R-Calif., voicing concerns on the NAFCU-opposed House companion to the Credit Card Competition Act of 2022 (CCCA). This legislation, recently introduced by Representatives Peter Welch, D-Vt., and Lance Gooden, R-Texas, aims to expand interchange price controls by creating a new credit card routing mandate. Of note, NAFCU President and CEO Dan Berger recently sent a similar letter to the House emphasizing the bill’s risk to consumers and Main Street, just as he did for the Senate’s companion bill that was introduced in July.
Senate stopgap bill would fund government through Dec. 16 ([link removed] )
The Senate on Tuesday advanced legislation in an effort to prevent a government shutdown and provide funding for federal agencies through Dec. 16. After Senator Joe Manchin, D-W.Va., conceded on the inclusion of his energy permitting package , the Senate moved forward on the legislation with a procedural vote of 72-23, and is expected to officially pass the legislation as early as Wednesday. Current federal funding is set to expire at midnight Sept. 30; NAFCU consistently advocates for continuous government funding to provide stability and certainty to credit unions and their members.
New BSA Blast covers currency transaction reports, OFAC updates, more ([link removed] )
A new edition of NAFCU’s BSA Blast is now available on the association’s website in its user-friendly digital format with direct links to each section. The BSA Blast is a NAFCU member-only, quarterly e-newsletter offering coverage and analysis of credit union compliance issues and industry activity concerning the BSA and related issues.
Attend NAFCU’s Lending Conference
Sessions were developed to help you gain a competitive edge and grow your lending portfolio.
View Agenda ([link removed] )
New home sales surge in August ([link removed] )
New home sales rose at an accelerated rate of 28.8 percent in August to 685,000 annualized units. Sales in July were revised up 21,000 units. Compared to last year, August sales were down 0.1 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzes the data in the latest Macro Data Flash report.
Buyers-Guide-eBook_167x300 ([link removed] )
NAFCU CALENDAR ([link removed] )
SEPT
27 - 29
Regulatory Compliance & BSA Seminar ([link removed] )
Louisville, KY
SEPT
29
Coming Soon: CECL ([link removed] )
Webinar
SEPT
30
FHFA - Fintech in Housing Finance ([link removed] )
Comments Due to NAFCU
OCT
4
Avoiding Pitfalls with Social Media Communications ([link removed] )
Webinar
NAFCU Vendor Directory - Digital and Online Banking ([link removed] )
Get compliance guidance! View our latest Compliance Roadmap manual ([link removed] )
The latest edition of the NAFCU Compliance Roadmap (formerly GPS) breaks down ALL the major regulations affecting credit unions (including Reg F!). Get all the compliance information you need in one location!
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National Association of Federally-Insured Credit Unions. 3138 10th St N Arlington, Virginia 22201
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