Also: NAFCU elevating CU voices on interchange, data privacy, credit card late fees proposal
February 27, 2023
NAFCU’s Berger: Efforts to restrict interchange are the height of hypocrisy ([link removed] )
NAFCU President and CEO Dan Berger sent a letter to Congress Friday detailing the credit union industry’s total opposition to any efforts to impose restrictions on interchange in light of the potential for Sen. Dick Durbin, D-Ill., to reintroduce the Credit Card Competition Act (CCCA) in the coming weeks. The legislation – first introduced last Congress – sought to regulate credit card interchange rates by requiring multiple routing networks for credit transactions, granting merchants the option to choose cheaper, untested networks.
This week: NAFCU elevates CU voices in Washington ([link removed] )
Congress returns to session and NAFCU’s award-winning advocacy team has a busy week elevating credit union priorities to lawmakers and regulators as discussions on issues such as interchange, data privacy, and more continue.
Survey reminder: Bolster NAFCU’s advocacy against credit card late fees proposal ([link removed] )
Credit unions are encouraged take a survey to support NAFCU in its advocacy to push back on the CFPB’s credit card late fees proposal. The feedback provided by the survey on industry late fee practices and the potential impact of the rule if finalized is critical to NAFCU’s efforts of providing a robust response to the proposal.
SPECIAL SAVINGS ENDS TOMORROW! ([link removed] )
Purchase your subscription before February 28 and save $300.00 with code NEWYEAR.
Our online training subscriptions have industry experts covering the hottest topics in a fast, convenient way. Plus, they allow your entire credit union staff access to online training 24/7/365.
Subscribe Today! ([link removed] )
New homes sales rise slightly during first month of 2023 ([link removed] )
New home sales increased 7.2 percent in January to 670,000 annualized units, while sales in December were revised up 9,000 units. Compared to last year, January sales were down 19.4 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the data in the latest Macro Data Flash report.
1042405642_More-Indirect-Loans_DIGITAL_v1_167x300 ([link removed] )
NAFCU CALENDAR ([link removed] )
FEB
27
Federal Reserve System: Regulation Implementing the Adjustable Interest Rate (LIBOR) Act ([link removed] )
Compliance Deadline
MAR
9
ALM Guidance to Inform Big Decisions ([link removed] )
Webinar
MAR
13 - 17
Regulatory Compliance School ([link removed] )
Arlington, VA
MAR
17
CFPB - Credit Card Penalty Fees (Regulation Z) ([link removed] )
Comments Due to NAFCU
MAR
20
CFPB - Registry of Supervised Nonbanks That Use Form Contracts ([link removed] )
Comments Due to NAFCU
MAR
21 - 23
Strategic Growth Conference ([link removed] )
Nashville, TN
MAR
24
CFPB - Request for Information Regarding Consumer Credit Card Market ([link removed] )
Comments Due to NAFCU
CEOs and Senior Executives Conference ([link removed] )
Charleston, SC | May 17 – 19, 2023
You’ll explore the state of lending—risks and opportunities, winning the member experience, optimizing your fintech strategies and more! Charleston has been voted America’s #1 small city by Condé Nast “2022 Readers’ Choice Awards.” View Agenda ([link removed] ) .
Save $200.00 with code CEOSAVINGS for a limited time ([link removed] )
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NAFCU. 3138 10th St N Arlington, Virginia 22201
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