Also: NAFCU flags negative impact of expiring reg relief on renewable energy lending
December 22, 2022
CFPB report shows ‘rapid deterioration’ in consumer financial health ([link removed] )
The CFPB Wednesday released its annual Making Ends Meet report, which revealed that several key measures of financial health rapidly deteriorated in 2022 for certain groups, including Hispanic consumers, consumers under the age of 40, and low-income renters.
NAFCU to NCUA: Expiring reg relief will negatively impact renewable energy lending ([link removed] )
As several regulatory relief provisions provided amid the COVID-19 pandemic are set to expire at the end of the year, NAFCU Vice President of Regulatory Affairs Ann Petros wrote to the NCUA Board outlining the negative impact expiring relief related to eligible obligations regulations could have on credit unions’ ability to participate in the renewable energy lending market.
Latest Compliance Monitor covers federal regulatory compliance highlights, HMDA ([link removed] )
The newest edition of NAFCU's Compliance Monitor – a member-only, digital compliance resource – features a review of compliance developments from this year. Additionally, the monitor discusses recent actions related to the Home Mortgage Disclosure Act (HMDA).
A HOLIDAY GIFT: $300.00 Savings on Training! ([link removed] )
Let us help you grow professionally and take your CU to the next level. Save on all NAFCU Conferences and online training subscriptions. Use code HOLIDAY for $300.00 off by 1/6/23. You can use the code as many times, and for as many people, as you want!
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New insight posts discuss GLBA data privacy requirements, Reg E ([link removed] )
In two new insight posts on NAFCU’s Compliance Network, NAFCU provides credit union compliance professionals with updates on a recent court order related to Gramm-Leach-Bliley Act (GLBA) data privacy requirements and Regulation E developments.
New on the Compliance Blog: CFPB responds to HMDA closed-end mortgage threshold opinion, a look at SCRA benefit utilization ([link removed] )
As credit unions work to meet the needs of more than 134 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog, published every Monday and Wednesday.
Existing home sales decline for 10th month in a row ([link removed] )
Existing home sales declined 7.7 percent in November to a seasonally-adjusted annualized rate of 4.1 million units, marking the 10th straight month of declining sales and a 35.4 percent decrease in sales compared to last year. NAFCU Chief Economist and Vice President of Research Curt Long analyzes the data in the latest Macro Data Flash report.
NAFCU closed Friday, Monday for Christmas ([link removed] )
NAFCU’s offices will be closed Friday and Monday in observance of the Christmas holiday. Credit union members will still have access to the association’s website for resources as well as regulatory and legislative updates on key issue areas.
BOD23_Holiday_Skyscraper ([link removed] )
NAFCU CALENDAR ([link removed] )
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10
A Guide to the CCPA/CCPRA: Transforming the Privacy and Security Landscape ([link removed] )
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23
NCUA: Asset Threshold
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Compliance Deadline
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Regulatory Compliance School ([link removed] )
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MAR
21 - 23
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Nashville, TN
NAFCU Vendor Directory - Digital and Online Banking ([link removed] )
NAFCU Regulatory Compliance School ([link removed] )
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