Also: NAFCU Reg Committee tackles recent regulator proposals

October 12, 2022

CCCA, NCUA third party vendor authority not in Senate NDAA Managers Amendment ([link removed] )

Yesterday, lawmakers released the text of the bipartisan agreement on a Senate substitute amendment for the National Defense Authorization Act (NDAA), which could be considered by the Senate when Congress returns in November. The Credit Card Competition Act of 2022 and NCUA Third Party Vendor Authority were not among the amendments included in the substitute, marking a win for the credit union industry. An amendment offered by Sen. Dick Durbin, D-Ill., to study interchange costs to those in the military was also not included in the proposal.

NAFCU Reg Committee discusses rule proposals from regulators and more ([link removed] )

NAFCU’s Regulatory Committee met Tuesday and discussed several proposals that are open for comment from federal financial regulators, including the NCUA, the Federal Housing Finance Agency (FHFA), the Treasury Department, and the Federal Trade Commission (FTC).

Survey: Share feedback on fraud ([link removed] )

Credit unions are encouraged to share insights and perspectives on issues related to fraud in this month's Economic & CU Monitor survey. Responses to the survey are due tomorrow; the survey can be filled out online.

Innovation Awards Winners Announced

Discover partner innovations driving CU success through technology advancements and more.

Learn More ([link removed] )

Consumer credit growth accelerated in August ([link removed] )

Total consumer credit rose 8.3 percent, at a seasonally adjusted, annualized rate, in August and is up 8.1 percent compared to a year ago. Revolving credit - primarily credit cards - rose 18.1 percent this month and is up 15.3 percent compared to August 2021. Non-revolving credit – primarily auto loans and education loans – rose 5.1 percent this month and is up 5.9 percent from a year ago.

High rates raise the bar for banking customer service_167x300-1 ([link removed] )

NAFCU CALENDAR ([link removed] )

OCT

12
CU Research Survey Due ([link removed] )

Topic: Economic Conditions

OCT

13
Strategic Planning During Uncertain Times: Unlock Key Insights Using Predictive Forecasting ([link removed] )

Complimentary Webinar

OCT

14
FTC - Trade Regulation Rule on Commercial Surveillance and Data Security ([link removed] )

Comments Due to NAFCU

OCT

17 - 21
Management and Leadership Institute ([link removed] )

Annapolis, MD

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

Training is Essential for Growth! ([link removed] )

Take advantage of NAFCU’s 2023 conference lineup—especially as you plan for your training budget. Early bird savings starts now. Learn More ([link removed] ) .

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

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