Congress is out for the remainder of the year after lawmakers finished work on the omnibus funding package late last week. The $1.7 trillion spending bill excluded several NAFCU-opposed provisions – including those that would have extended debit interchange routing requirements to credit cards and given NCUA third-party vendor authority.
Updates to NCUA’s simplified current expected credit losses (CECL) tool were released last week, offering credit unions the latest on weighted average remaining maturity (WARM) factors as well as minor enhancements to the tool.
NAFCU sent members a Regulatory Alert last week outlining the NCUA’s proposed rule amending the agency’s loan participation and eligible obligation regulations. The proposal offers flexibility for federally-insured credit unions (FICUs) to engage in indirect lending arrangements with fintechs and other third parties, including credit union service organizations, and then participate loans to other institutions as the “originating lender.”
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!
Registration is open for the NCUA’s webinar on its Credit Union Diversity Self-Assessment (CUDSA), happening Jan. 5 at 11:30 a.m. Eastern. During the webinar, credit unions will learn about the process for completing the CUDSA and the importance of diversity, equity, and inclusion (DEI) within the industry. Credit unions can register for the free webinar now.
