Also: Fed, White House tackle cryptocurrency risks; Reg Z, BSA, Reg E among 2022’s top compliance issues

January 30, 2023

This week: NAFCU monitors CUBMA, FOMC meeting, CFPB SBREFA panel ([link removed] )

This week, NAFCU is tracking House action on the Credit Union Board Modernization Act and will monitor the Federal Open Market Committee’s (FOMC) first meeting of 2023, which begins tomorrow and ends Wednesday. The association will also monitor the CFPB’s path towards implementing section 1033 of the Dodd-Frank Act as it proceeds with a required review of small business impact under the Small Business Regulatory Enforcement Fairness Act (SBREFA).

Fed, White House work to mitigate crypto risks in financial system ([link removed] )

The Federal Reserve and White House offered insights into how they are working to mitigate cryptocurrency risks in the financial system with several releases Friday. The Fed issued a policy statement to promote a level playing field and announced it denied Custodia Bank’s application to become a member of the Federal Reserve, while the White House released a roadmap on crypto risks.

Reg Z, BSA, Reg E among top compliance concerns in 2022 ([link removed] )

NAFCU’s mission is to provide its credit union members with the industry’s best advocacy, compliance assistance, and educational resources. The association’s award-winning Compliance Team demonstrates that member-focus daily – in 2022, the team answered 6,175 questions from credit unions, responding within one business day, for an average of 25.5 questions per day.

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] )

NAFCU comments on CDFI reporting ([link removed] )

NAFCU Senior Regulatory Affairs Counsel Aminah Moore Friday submitted a response to the Community Development Financial Institution (CDFI) Fund’s request for comment regarding its Annual Certification and Data Collection Report (ACR) Form and the Abbreviated Transaction Level Report (TLR). While NAFCU supports the submission of data to ensure certified CDFIs, including credit unions, are fulfilling their mission of serving the underserved, the association is against imposing burdensome reporting requirements on institutions already lacking sufficient resources.

Retaining Customers Throughout Technology Upgrades & Conversions_167x300 (1)-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

VendorDirectoryAd_Compliance-1 ([link removed] )

Board of Directors and Supervisory Committee Conference ([link removed] )

Savannah, GA | April 17 – 20, 2023

Selling quickly! Early savings ends February 24, 2023. Use the code BOARDSAVINGS.

View the Agenda and Save $200.00 ([link removed] )

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NAFCU. 3138 10th St N Arlington, Virginia 22201

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