Also: Lawmakers raise NAFCU concerns during hearing on CFPB reforms; Biden releases 2024 budget proposal

March 10, 2023

NCUA Board set to finalize subordinated debt rule ([link removed] )

The NCUA Board is set to meet next week and has just one item on its agenda: the subordinated debt final rule. The proposed rule granted two previous NAFCU requests to extend the treatment of Emergency Capital Investment Program (ECIP) funds as regulatory capital to reflect the maximum permissible maturity of the note, and to eliminate the 20-year maximum maturity limit in favor of a more flexible test.

Lawmakers echo NAFCU sentiments during CFPB reform hearing ([link removed] )

The House Financial Services Subcommittee on Financial Institutions and Monetary Policy Thursday held a hearing to examine CFPB reforms where a majority of lawmakers agreed that the agency frequently operates outside its scope without following proper federal procedures. Many of NAFCU’s concerns, which were shared with the subcommittee ahead of the hearing, were raised by members.

Biden proposes investments in CDFIs, affordable housing, small biz ([link removed] )

President Joe Biden Thursday released his proposed 2024 budget, which includes provisions aimed at strengthening communities, addressing tax issues, and bolstering protections against global threats. The proposed budget totals more than $10 trillion over the 2024-2033 period, and the administration claims it would reduce the nation’s deficit by almost $3 trillion over the next decade.

Bourbon, Barns, Bluegrass, and BSA School! ([link removed] )

Deepen your understanding of BSA's anti-money laundering requirements and the regulations Credit Unions must comply with at NAFCU’s highly regarded BSA School ([link removed] ) in Louisville, Kentucky August 15 – 17, 2023. Save $200.00 with the code BSASAVINGS for a limited time.

VIEW AGENDA ([link removed] )

NAFCU, trades offer recommendations for robotext proposal ([link removed] )

NAFCU joined a group of organizations on an ex parte letter to the Federal Communications Commission (FCC) Thursday, providing recommendations for its Report and Order requiring providers to block texts purporting to be from numbers on a reasonable Do-Not-Originate list and make available a single point of contact for text message blocking complaints.

5 things to know this week ([link removed] )

NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.

New on the Compliance Blog: NCUA FOM reform proposal, latest CFPB enforcement actions ([link removed] )

As credit unions work to meet the needs of more than 135 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.

CEO22_Skyscraper2 ([link removed] )

NAFCU CALENDAR ([link removed] )

MAR

13 - 17
Regulatory Compliance School ([link removed] )

Arlington, VA

MAR

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

Complimentary Webinar

MAR

16
AI Lending Partnerships and the Power of Efficiency ([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

Bluegrass, Barns, Bourbon, and BSA School! ([link removed] )

Join your peers in Louisville, KY August 15 – 17 and get a solid foundation of core BSA knowledge ([link removed] ) . Earn your NAFCU Certified Bank Secrecy Officer (NCBSO) ([link removed] ) credential when you pass the exams.

View Agenda ([link removed] )

JOIN THE CONVERSATION:

LinkedIn ([link removed] )

Facebook ([link removed] )

Twitter ([link removed] )

YouTube ([link removed] )

Website ([link removed] )

NAFCU. 3138 10th St N Arlington, Virginia 22201

You received this message because you are subscribed to NAFCU emails.

Update your email preferences ([link removed] ) to choose the types of emails you receive.

Received this message from a colleague? Provide your contact information to start receiving our emails ([link removed] ) .

Unsubscribe from all future emails ([link removed] ) .