Also: HFSC marks up privacy legislation, NAFCU weighs in on NCUA on financial innovation rule

March 1, 2023

NAFCU, trades request comment deadline extension on CFPB’s credit card late fees proposal ([link removed] )

NAFCU, along with other financial industry advocacy groups, Tuesday submitted a letter to the CFPB requesting the agency provide an extension on its comment period regarding its notice of proposed rulemaking (NPRM) on credit card late fees, which was announced earlier this month.

HFSC marks up data privacy bill; NAFCU writes to House E&C Committee ahead of data privacy hearing ([link removed] )

The House Financial Services Committee (HFSC) held a markup yesterday to discuss various pieces of legislation, including Chairman Patrick McHenry’s, R-N.C., bill to amend the Gramm-Leach-Bliley Act (GLBA). During the markup, Chairman McHenry noted that his bill will create a national standard for data privacy. NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the HFSC ahead of the markup detailing NAFCU’s support for McHenry’s legislation, while noting that changes to the GLBA “must be viewed with a cautionary eye.” The committee voted to 26 – 21 in support of its passage

NAFCU to NCUA: Avoid undermining intended flexibility and autonomy ([link removed] )

NAFCU Regulatory Affairs Counsel Dale Baker wrote to the NCUA to offer recommendations regarding the agency’s proposed financial innovation rule. The rule would amend the agency’s loan participation and eligible obligation regulations by offering flexibility for federally-insured credit unions to engage in indirect lending arrangements with fintechs and other third parties.

CEOs and Senior Executives Conference ([link removed] )

You’ll explore the state of the workforce, business and commercial lending trends, network with other leaders and more. Save $200.00 with code CEOSAVINGS for a limited time.

VIEW AGENDA ([link removed] )

Sens. intro bipartisan, NAFCU-sought vets MBL bill, CLF access bill ([link removed] )

Sens. Dan Sullivan, R-Alaska, and Mazie Hirono, D-Hawaii, reintroduced a NAFCU-backed bill on Tuesday to improve veterans’ access to necessary capital by removing statutory barriers under the member business loan cap that hinder credit unions’ ability to meet the financial needs of our nation’s veterans.

NAFCU-backed SECURE Notarization Act passes House ([link removed] )

The NAFCU-backed Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act was passed by the U.S. House of Representatives on Monday and now awaits action in the Senate.

ICYMI: Community Development Advisory Board convenes on CDFI application process, blackout period, more ([link removed] )

The Community Development Advisory Board Tuesday continued discussions around the new Community Development Financial Institution (CDFI) Certification Application, which was postponed indefinitely in January. The agency plans on revising the version released for public comment in November.

Now available: Flip through the March-April issue of The NAFCU Journal ([link removed] )

The March-April issue of The NAFCU Journal is available now and features a breakdown of the House Financial Services Committee under Chairman Patrick McHenry, R-N.C., an overview of current lending trends, and more. Content from this issue can be viewed anytime on the magazine’s virtual hub.

2023 NAFCU Board nominations now open ([link removed] )

Today, NAFCU’s 2023 board election cycle opens with several director positions available. NAFCU's regional board positions reflect the NCUA's regional offices. An email to NAFCU members today will include information on how to access the candidate application.

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

15
Exponential Fraud Exposure: Reg II Awareness ([link removed] )

Complimentary Webinar

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

NAFCU’s Annual Conference: Engage 2023 ([link removed] )

Special Offer!

The first 50 credit unions will get $400.00 off on new registrations using code FIRST50. Hurry—less than 10 spots remain! You’ll explore AI and technology trends, the economy, the future of payments and more. Don’t miss this excellent development opportunity for you to develop your entire leadership team.

View Agenda! ([link removed] )

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