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.
NAFCU Regulatory Compliance Counsel Dale Baker offered comments in response to the Treasury Department’s request for comment (RFC) on the responsible development of digital assets, expressing support for Treasury and other regulators applying existing anti-money laundering and countering the financing of terrorism regulations to intermediated digital-assets-related finance applications and activities.
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NAFCU staff attended the joint meeting held by the CFPB's Credit Union Advisory Council (CUAC) and the Community Bank Advisory Council (CBAC) Thursday, where the group discussed supervision over nonbank fintechs, implementation of the section 1033 data collection rule, and peer-to-peer (P2P) payment services.