Also: Bills introduced to protect consumers, FIs from IRS overreach; NCUA Board meets today

February 16, 2023

Berger meets with NCUA’s Hood on key issues ([link removed] )

NAFCU President and CEO Dan Berger Wednesday held a meeting with NCUA Board Member Rodney Hood to discuss multiple topics of interest to credit unions ahead of the agency’s board meeting today.

Lawmakers introduce NAFCU-supported bill prohibiting IRS overreach ([link removed] )

Legislation to protect consumers and their financial institutions from IRS overreach and a burdensome reporting regime has been introduced in both the Senate and House. Sens. Tim Scott, R-S.C., and Mike Crapo, R-Idaho, and Rep. Drew Ferguson, R-Ga., introduced the bills, respectively.

Today: NCUA Board to discuss cyber incident reporting rule, FOM reform ([link removed] )

The NCUA Board will meet later today to discuss key issues for credit unions and is set to finalize its rule on cyber incident notification requirements. The proposed rule would establish a 72-hour period for federal credit unions to provide notice to the NCUA of a reportable cyber incident.

CEOs and Senior Executives Conference ([link removed] )

You’ll explore the state of the workforce, business and tech trends, top focus areas for credit unions and more. Save $200.00 with code CEOSAVINGS for a limited time.

View Agenda ([link removed] )

NAFCU files another amicus brief on legal disputes under FCRA ([link removed] )

NAFCU joined with several other organizations Wednesday to file an amicus brief with the U.S. Court of Appeals for the Eleventh Circuit arguing that the Fair Credit Reporting Act (FCRA) requires furnishers and consumer reporting agencies (CRAs) to investigate factual inaccuracies, not legal disputes. The brief is in response to one filed by the CFPB in December that argues data furnishers and CRAs should investigate legal disputes in addition to factual disputes.

Insight post provides info on FinCEN BSA advisory group ([link removed] )

In a new post on NAFCU’s Compliance, Risk, & BSA Network, Senior Regulatory Affairs Counsel Aminah Moore provides information on the recently opened nominations for the Financial Crimes Enforcement Network’s (FinCEN) Bank Secrecy Act Advisory Group (BSAAG).

New on the Compliance Blog: NCUA CUSO guidance, rulemaking agenda ([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.

Retail sales rise signaling resilience in consumer spending ([link removed] )

Total retail sales increased 2.9 percent in January after falling 1.1 percent in December. NAFCU Economist Noah Yosif analyzed the report in a new NAFCU Macro Data Flash report.

Engage22_Skyscraper_FIRST50 ([link removed] )

NAFCU CALENDAR ([link removed] )

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Navigating the Auto Lending Landscape: Credit Union Outlook for 2023 ([link removed] )

Complimentary Webinar

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22
NCUA - Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions ([link removed] )

Comments Due to NAFCU

FEB

23
AML in Crypto ([link removed] )

Webinar

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

Risk Management Seminar ([link removed] )

The Bluegrass is calling! Louisville, KY | August 15 – 17, 2023

Prepare for the most severe internal and external threats ([link removed] ) and 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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