Also: BSA, CECL, consumer protections among NCUA's supervisory priorities; NCUA updates 2020 operating fees



NAFCU TODAY | The News You Need Daily.

January 8, 2020



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NAFCU sends congressional leaders 2020 priorities [ [link removed] ]
NAFCU President and CEO Dan Berger this week sent the association's 2020 priorities directly to congressional leadership and members of both the Senate and House. The letter – addressed to Senate Majority Leader Mitch McConnell, R-Ky., Senate Minority Leader Chuck Schumer, D-N.Y., House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif. – shared NAFCU's just-released priorities as Congress returns for the second session of the 116th Congress.


BSA, CECL remain on NCUA supervisory priorities, consumer protections added [ [link removed] ]
Bank Secrecy Act (BSA) compliance remains on the NCUA's supervisory priorities for 2020, with examiners focusing on customer due diligence (CDD) and beneficial ownership requirements. In addition, examiners will discuss credit unions' plans to implement the current expected credit loss (CECL) standard as institutions now have an additional year to comply.


NCUA releases 2020 operating fee schedule [ [link removed] ]
The NCUA – in a letter to credit unions Monday – announced the operating fee schedule for 2020. The fee scale has been raised 1.13 percent due to the Overhead Transfer Rate (OTR) level and changes in the NCUA's capital investment program.






January webinars feature new NCUA regulations, fraud prevention, more [ [link removed] ]
NAFCU is offering several webinars throughout January to ensure credit unions start the new year strong. Topics ranging from NCUA regulations to risks associated with serving marijuana-related businesses are geared toward the education, enhancement, and further innovation of credit unions.


Carranza confirmed as new SBA administrator [ [link removed] ]
The Senate Tuesday confirmed Jovita Carranza to be administrator of the Small Business Administration (SBA). NAFCU works closely with the SBA to expand access to credit union small-dollar loans to small businesses across the nation.


Grow, improve operations in 2020 with NAFCU's Vendor Directory [ [link removed] ]
How will credit unions continue to grow and meet members' needs in 2020? For those looking for a new vendor to partner with on products and services, look no further than NAFCU's 2020 Vendor Directory – in its all-new digital format – to find the best credit union solutions providers.



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NAFCU Calendar: [link removed]





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