This week: Congress avoids shutdown; NAFCU continues to fight for CU priorities

This week, NAFCU will continue to fight for industry priorities, most notably through fierce opposition of the House and Senate versions of the Credit Card Competition Act. Credit unions are encouraged to keep up the grassroots push against this legislation. On the Hill, late last week Congress adopted, and President Joe Biden signed, a continuing resolution to fund the U.S. government through Dec. 16.

NAFCU’s Moore provides remarks at FHFA’s FHLB listening session

The FHFA tomorrow will wrap up its three-day public listening session on the Federal Home Loan Bank (FHLB) System, which kicked off last Thursday. The FHLB System has been an important source of liquidity and funding for housing finance and community investments for nearly a century, particularly during trying economic times and most recently during the COVID-19 pandemic.

FinCEN issues final rule on beneficial ownership reporting

The Financial Crimes Enforcement Network (FinCEN) issued a final rule last Thursday establishing a beneficial ownership information reporting requirement that requires “most corporations, limited liability companies, and other entities created in or registered to do business in the United States to report information about their beneficial owners—the persons who ultimately own or control the company, to FinCEN.”

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Now streaming: Learn how climate change could impact housing on the CUPP 

The latest episode of NAFCU’s Credit Union Policy Podcast (CUPP) features a discussion between FHFA Deputy Director for the Division of Research and Statistics at the Federal Housing Finance Agency Dan Coates and CUPP host NAFCU Vice President of Regulatory Affairs Ann Petros on climate change risk.

NAFCU teams up with Habitat for Humanity to uplift NOVA community

NAFCU staff Friday joined together with Habitat for Humanity (H4H) to work on several home build projects in the greater Northern Virginia (NOVA) region. The COVID-19 pandemic unfortunately put a pause on these activities, but NAFCU is proud to once again partner with H4H this year.

Attendees updated on key trends and industry issues at NAFCU’s Regulatory Compliance & BSA Seminar

NAFCU wrapped up its annual Regulatory Compliance & BSA Seminar, in Louisville, Ky., last week, where attendees developed advanced compliance skills and learned how to stay on top of evolving regulatory trends and hot topics regarding credit union compliance and BSA.