Also: More work needed to ensure fair pricing at GSEs, says Berger; Bruyere breaks down NCUA's supervisory priorities

NAFCU Today
The News You Need Daily
 

January 10, 2020

NAFCU takes CU 2020 priorities to Capitol Hill
Members of NAFCU's award-winning advocacy team brought credit unions' cooperative message to Capitol Hill yesterday and unveiled the association's 2020 legislative and regulatory priorities. As the industry's Washington Watchdog, NAFCU's unmatched relationships in Congress ensure credit unions' voices are heard at the highest levels of government and industry issues are addressed with appropriate legislation.

NAFCU shares GSE pricing concerns with FHFA
NAFCU President and CEO Dan Berger, in a letter sent Thursday to Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria, expressed concerns that credit unions are being disadvantaged by the government-sponsored enterprises' pricing methodology.

Breakdown of NCUA supervisory priorities in Compliance Blog
Much like in 2019, in-depth reviews of credit unions' Bank Secrecy Act (BSA) compliance, cybersecurity processes, and preparation for the current expected credit loss (CECL) standard are expected during NCUA examinations this year, according to the agency's 2020 supervisory priorities. NAFCU's Brandy Bruyere dives into what these mean for credit unions during exams this year in a new Compliance Blog post.


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Hunt, NAFCU advocacy featured in CUTimes
Following a year of strong membership growth, advocacy wins, and high-profile meetings, Credit Union Times spoke with NAFCU's Carrie Hunt for a feature story looking at what the association is planning for the year ahead when it comes to standing up for credit unions.

NCUA issues simplified Supervisory Committee Guide
A new, streamlined Supervisory Committee Audit Guide has been released by the NCUA. The guide comes as the replacement of the previously decommissioned Supervisory Committee Guide. NAFCU supported a simplified guide when it was proposed and pushed for the decommissioned guide to remain on the NCUA's website as a resource for credit unions.

Local CUs at NAFCU today for reg update
Compliance professionals from D.C.-area member-credit unions will get expert insights from NAFCU's Compliance Team today as the association hosts the Capital Area Compliance Roundtable. The roundtable will cover recent regulatory changes and expectations, as well as developments in credit unions' litigation risk.

Last chance: Conference, training savings end today
Today is the last day to save $300 off NAFCU's premier 2020 conference registrations and online training subscriptions with the code HOLIDAY. NAFCU designs its education and training opportunities with direct input from credit unions and industry experts to ensure attendees leave with the best information and resources available.

Student, auto loans boost consumer credit
While total consumer credit rose 3.6 percent in November (seasonally-adjusted, annualized) and is up 4.5 percent from a year ago, NAFCU Chief Economist and Vice President of Research Curt Long flagged some unusual data.


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Podcast: Pt 2 of Shining A Light on the Dark Web
Join our conversation with Matt Heath to find out how to track and protect your CU from cyber threats.

 
  NAFCU CALENDAR
JAN
10
New Supervisory Committee Requirements
Webinar
JAN
14
Risks Associated with Serving Marijuana-Related Businesses (MRBs)
Webinar
JAN
15
Cybersecurity Threats in 2020
Webinar
JAN
22
NAFCU 101: An Overview of Personalized Credit Union Services
FREE Live Webinar
JAN
30
Security Trends for 2020: Best Practices for Mitigating Risk
FREE Live Webinar
 

 

 

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