Also: Review requirements of posting rates online in new Compliance Blog
January 12, 2023
CFPB proposed rule targets nonbank contracts ([link removed] )
The CFPB issued a proposed rule yesterday to require nonbanks subject to its supervisory authority to annually register with the CFPB regarding their use of certain terms and conditions in form contracts for consumer financial products and services that pose risks to consumers. While the proposal does not directly affect how the bureau assesses terms and conditions used by credit unions, scrutiny of contracts used by supervised registrants could impact how credit unions conduct business with third parties.
New on the Compliance Blog: Posting rates online ([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 every Monday and Wednesday. In addition to the blog earlier this week on new California laws that could impact credit unions, the latest post covers posting rates online.
NCUA offers new newsletter to bolster consumer financial literacy ([link removed] )
The NCUA Wednesday announced a new email newsletter aimed at sharing more information about financial literacy. The Financial Literacy & Outreach Newsletter will focus on consumer finance and education and will include insights on data and ways to enhance financial education programs.
Extended by Popular Demand: $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 1/13/23. You can use the code as many times, and for as many people, as you want!
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NAFCU CALENDAR ([link removed] )
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23
NCUA: Asset Threshold
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Compliance Deadline
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30
FinCEN - Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities
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Comments Due to NAFCU
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22
NCUA - Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions
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13 - 17
Regulatory Compliance School ([link removed] )
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NAFCU Vendor Directory - Digital and Online Banking ([link removed] )
Engage 2023: NAFCU’s Annual Conference ([link removed] )
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Back for the first time in 4 years! Get the latest updates on the future of banking. Member experience. Economy. Lending. Use code HOLIDAY ([link removed] ) to save $300.00 when registering.
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