Also: Association meets with agency on exams, supervisory priorities; RDC litigation update in new Compliance Blog



NAFCU TODAY | The News You Need Daily.

January 21, 2020



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This week: NCUA to consider subordinated debt, CU-bank merger issues [ [link removed] ]
While the House has a district work period this week, the Senate will be in session as it is set to begin impeachment trial proceedings today, which will impact its normal business schedule. NAFCU will also attend Thursday's NCUA Board meeting, during which the agency is expected to issue proposals for subordinated debt and credit union-bank merger processes.


NAFCU meets with NCUA on exams, supervisory priorities [ [link removed] ]
NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Chief Economist and Vice President of Research Curt Long, and Senior Counsel for Research and Policy Andrew Morris met Friday with NCUA Office of Examinations and Supervision Director Scott Hunt to discuss the agency's exam modernization efforts and 2020 supervisory priorities.


RDC litigation update in new Compliance Blog post [ [link removed] ]
In the latest post on the NAFCU Compliance Blog, NAFCU Vice President of Regulatory Compliance Brandy Bruyere breaks down recent updates in the lawsuits between USAA and Wells Fargo related to remote deposit capture (RDC) technology patents, and provides information on things for credit unions to consider when offering such services.


NAFCU's 2020 Advocacy Priorities. Because to us, it's personal. Read Advocacy Priorities [link removed]



NAFCU recommends areas for CFPB to review under TRID [ [link removed] ]
As the CFPB prepares for its assessment of the Truth in Lending Act (TILA)/Real Estate Settlement Procedures Act (RESPA) integrated disclosures (TRID) rule, NAFCU's Kaley Schafer urged the bureau to carefully consider the rule's impact – including associated compliance costs, the ability to sell to the secondary market, and products offered.


NAFCU's Kossachev shares multi-lender pools concerns, importance of GSEs to CUs [ [link removed] ]
In response to the Federal Housing Finance Agency's (FHFA) Request for Input (RFI) on the pooling practices for the agency's To-Be-Announced (TBA)-eligible Uniform Mortgage-Backed Securities (UMBS), NAFCU Director of Regulatory Affairs Ann Kossachev shared the association's concerns that excluding certain loans from multi-lender pools could harm credit unions and other responsible lenders.



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