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.
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.
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.
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 in Louisville, Kentucky August 15 – 17, 2023. Save $200.00 with the code BSASAVINGS for a limited time.
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.
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.
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.
