This week, the NCUA Board will meet and is set to finalize its rule related to cyber incident notification requirements, consider a proposed rule related to chartering and field of membership, and receive a quarterly update on the Share Insurance Fund.
NAFCU is seeking credit union feedback to compile data on industry late fee practices and the potential impact of the CFPB’s credit card late fees proposal. Credit unions can take the survey to support the association in its advocacy to push back on the bureau’s proposal. The feedback provided by the survey is critical to NAFCU’s efforts of providing a robust response to the proposal.
NAFCU, along with other financial services industry trade groups, wrote to the Federal Reserve Friday urging the agency to delay the effective date of its final rule that requires debit card issuers to enable and allow merchants to choose from at least two unaffiliated networks for card-not-present (CNP) transactions, such as online purchases.
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NAFCU’s first CEO James Barr has passed away. Barr served as NAFCU CEO from 1970-1978 and was a key advocate in the legislative efforts to change the Federal Credit Union (FCU) Act that enabled credit unions to expand their offerings and become full-service financial institutions.
