Also: FOMC raises rates again with more hikes on horizon; Compliance Blogs tackle merger record retention, FinCEN’s ‘new power’

February 2, 2023

Berger: CFPB’s credit card late fee proposal ‘amounts to financial chaos’ ([link removed] )

The CFPB Wednesday issued its proposed rule on credit card late fees that would drastically reduce the current safe harbor to $8. NAFCU President and CEO Dan Berger responded, arguing that the proposal “on its face may be about saving consumers money, but it amounts to financial chaos – ultimately sacrificing access to safe, affordable credit for millions of Americans who rely on it to afford daily life.”

‘More hikes are in store,’ says NAFCU Chief Economist ([link removed] )

The Federal Open Market Committee (FOMC) concluded its first meeting of the year yesterday, where the committee raised rates 25 basis points to a range of 4.5 to 4.75 percent – the eighth consecutive meeting ending with a hike– and “signaled that more hikes are in store,” said NAFCU Chief Economist and Vice President of Research Curt Long after the meeting.

New on the Compliance Blog: Merger record retention, FinCEN’s ‘new power’ ([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.

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] )

Retaining Customers Throughout Technology Upgrades & Conversions_167x300 (1)-1 ([link removed] )

NAFCU CALENDAR ([link removed] )

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

FEB

7
Preemption: The Uncertain Landscape ([link removed] )

Webinar

FEB

8
CU Research Survey Due ([link removed] )

Topic: Lending

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

CEOs and Senior Executives Conference ([link removed] )

May 17 – 19, 2023 | Charleston, SC

Attend NAFCU's CEOs and Senior Executives Conference in Charleston, SC is the industry’s top event for CU CEOs and senior executives. Gain fresh insights from industry experts on building a better credit union. View the agenda now ([link removed] ) .

Save $200.00 with code CEOSAVINGS for a limited time only

Learn More! ([link removed] )

JOIN THE CONVERSATION:

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NAFCU. 3138 10th St N Arlington, Virginia 22201

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