NAFCU
urges SSA to extend SSN verification database enrollment
NAFCU's
Ann Kossachev urged the Social Security Administration (SSA) to extend the initial
enrollment period – which is currently set to end tomorrow at 6 p.m. Eastern
– for its electronic Consent Based Social Security Number Verification (eCBSV)
service. Institutions could begin enrolling in the system July 17.
NAFCU
monitoring democratic debates for CU issues
The second round of debates
for the democratic presidential nomination begins tonight in Detroit. NAFCU's
award-winning advocacy team will monitor the debates and watch for the candidates'
positions on key credit union issues, including big bank accountability, faster
payments, housing finance reform, data security and more.
NAFCU's
Virkus reiterates need for fintech oversight
Ahead of a Senate Banking
Committee hearing today on cryptocurrencies and blockchain, NAFCU Associate Director
of Legislative Affairs Max Virkus reiterated the need for appropriate oversight
of new financial technologies to protect consumer data and compete on a level playing field with credit unions.
$200.00 savings
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NAFCU Risk Management Seminar
Better
identify, measure and mitigate risk
Today:
Get Washington update from NAFCU's advocacy team
NAFCU's
Government Affairs team today is offering a free webinar for association member
credit unions on the latest developments in Washington – from Congress to regulators
to the administration. Some topics that will be covered include the current expected
credit loss (CECL) accounting standard, NCUA's risk-based capital (RBC) rule, loan maturity limits and marijuana banking.
NAFCU
to NCUA: Preserve alternative dollar limit under public unit, nonmember shares
In a letter to the NCUA Monday, NAFCU's Andrew Morris shared the association's
support for its proposal to allow federal credit unions (FCUs) to receive public
unit and nonmember shares up to 50 percent of paid-in and unimpaired capital and
surplus less any public unit and nonmember shares.
Rate
cut expected as FOMC begins 2-day meeting
The Federal Open Market Committee
(FOMC) is expected to cut rates by 25 basis points at the conclusion of its two-day
monetary-policy setting meeting, which begins today. NAFCU Chief Economist and
Vice President of Research Curt Long has anticipated this move since the committee's May meeting.
