Also: NCUA releases 2023 operating fees; NAFCU flags concerns with CFPB’s 1033 proposals

January 26, 2023

NAFCU calls for interest rate ceiling increase ahead of NCUA Board meeting ([link removed] )

Ahead of today’s NCUA Board meeting, during which members are set to consider the federal credit union (FCU) permissible interest rate ceiling and the NCUA’s 2023 Annual Performance Plan, NAFCU President and CEO Dan Berger sent a letter urging the agency make adjustments that will mitigate FCUs’ interest-rate-related risks and enable FCUs to better serve their communities.

NCUA details 2023 operating fee schedule ([link removed] )

The NCUA yesterday published a Letter to Credit Unions regarding operating fees for 2023. In the letter, the agency announced an average 1.8 percent decrease in federal credit union operating fees in 2023. The reduction of operating fees was attributed to the NCUA Board’s decision to apply $15 million of previously collected operating fees that were not spent and would apply to a federal credit union that experienced no change in average assets in 2022. The median-sized federal credit union will pay 9.3 percent more in operating fees this year than the median-sized federal credit union paid in 2022.

NAFCU to CFPB: Ensure fair and transparent financial record access ([link removed] )

NAFCU Senior Counsel for Research and Policy Andrew Morris Wednesday responded to the CFPB’s outline of proposals to implement section 1033 of the Dodd-Frank Act, which aims to provide a formal mechanism for making consumer data portable, sharing several concerns and suggestions on implementing the rule. This set of proposals marks the agency’s next step in issuing a financial data rights rule.

Engage 2023: NAFCU’s Annual Conference ([link removed] )

Unforgettable experiences await your spouse/guests in Southern California. Plus, enjoy an extra tour you can enjoy together to see the best of the area alongside your spouse/guests! You’ll also discover solutions to help you build a bigger, better CU.

Save $200.00 with code ENGAGESAVINGS for a limited time only!

View Agenda ([link removed] )

House Dems name members to financial services committee ([link removed] )

With Congress back in session, House Democrats are working through committee assignments. Of note for credit unions, Rep. Maxine Waters, D-Calif., will serve as ranking member of the House Financial Services Committee (HFSC).

New on the Compliance Blog: NCUA supervisory priorities, Wells Fargo’s $3.7B fine ([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.

Engage23_Skyscraper-1 ([link removed] )

NAFCU CALENDAR ([link removed] )

JAN

30
FinCEN - Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities ([link removed] )

Comments Due to NAFCU

FEB

1
Don’t Wait: Put Pen to Paper on Your FedNow Service Plans ([link removed] )

Complimentary Webinar

FEB

2
How to Leverage Loan Participations in a Low Liquidity Environment ([link removed] )

Complimentary Webinar

FEB

7
Measure Liquidity Strategically: What’s Your Plan? ([link removed] )

Complimentary Webinar

NAFCU Vendor Directory - Digital and Online Banking ([link removed] )

Risk Management Seminar ([link removed] )

Louisville, KY | August 15 – 17, 2023

Understand and prepare for the most severe internal and external threats ([link removed] ) . Plus, earn your NAFCU Certified Risk Manager (NCRM) ([link removed] ) credential when you pass the exam -- or recertify by attending (no exam required!).

Save $200.00 with code RISKSAVINGS ([link removed] )

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