Also: SCOTUS to consider CFPB funding constitutionality; Thaler outlines CU needs in data privacy reform

February 28, 2023

NAFCU’s Berger meets with NCUA’s Hood on GHGR Fund ([link removed] )

NAFCU President and CEO Dan Berger Monday met with NCUA Board Member Rodney Hood to discuss credit union involvement in the Greenhouse Gas Reduction (GHGR) Fund to support projects that reduce greenhouse gas emissions and air pollution in low-income and disadvantaged communities.

SCOTUS to consider constitutionality of CFPB funding ([link removed] )

The U.S. Supreme Court Monday announced it will take up a challenge to the CFPB’s funding structure during its next term, slated to start in October. The lawsuit stems from the Fifth Circuit Court of Appeals ruling that the CFPB’s funding structure is unconstitutional as it does not go through the congressional appropriations process.

Thaler on GLBA reform efforts: Balance reg burden, data protection standards ([link removed] )

The House Financial Services Committee holds a markup today and is set to consider a bill – the Financial Data Privacy Act (H.R. 1165) – from Chairman Patrick McHenry, R-N.C., to amend the Gramm-Leach-Bliley Act (GLBA) as it relates to data privacy. Ahead of the markup, NAFCU Vice President of Legislative Affairs Brad Thaler outlined areas of support and potential improvement within the bill.

Last Day to Save! ([link removed] )

Get year-round training for your entire staff, at one low price. Subscriptions ([link removed] ) cover the hottest topics in compliance, critical training for your board of directors and the All Access Pass to everything in the online training center.

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Berger expresses support for bill prohibiting Fed issuance of CBDC ([link removed] )

NAFCU President and CEO Dan Berger wrote to Rep. Tom Emmer, R-Minn., to express support for introducing the CBDC Anti-Surveillance State Act as it would assuage privacy concerns and protect the stability of the financial system. The bill would prohibit the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) and prevent the Fed from using a CBDC to implement monetary policy.

Berger touts FOM advocacy in new CUInsight op-ed ([link removed] )

NAFCU President and CEO Dan Berger has a new op-ed in CUInsight touting the association’s advocacy efforts to secure key provisions of the NCUA’s recently proposed rule to reform field of membership (FOM) requirements.

Latest Compliance Monitor explores NCUA’s supervisory priorities ([link removed] )

The newest edition of NAFCU's Compliance Monitor – a member-only, digital compliance resource – features an in-depth look at the NCUA’s 2023 supervisory priorities, which include interest rate risk, liquidity risk, information security, and other areas the NCUA has identified as posing higher risks to credit unions, their members, and the Share Insurance Fund.

1042405642_More-Indirect-Loans_DIGITAL_v1_167x300 ([link removed] )

NAFCU CALENDAR ([link removed] )

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

BSA School ([link removed] )

Bluegrass, barns, bourbon, and BSA! Louisville, KY | August 15 – 17, 2023

Get a solid foundation of core BSA knowledge ([link removed] ) and earn your NAFCU Certified Bank Secrecy Officer (NCBSO) ([link removed] ) credential when you pass the exams.

Save $200.00 with code BSASAVINGS ([link removed] )

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