Also: NAFCU kicks off 2023 conference season, monitoring Senate, NCUA Board; New BSA Blast covers AML whistleblower awards

March 13, 2023

Venture, crypto-based banks fail ([link removed] )

Friday, the California Department of Financial Protection and Innovation placed Silicon Valley Bank (SVB) into receivership, marking the second largest bank failure since the financial crisis in 2008. The $209 billion asset bank was taken over by the California regulator, citing "inadequate liquidity and insolvency.” Late Sunday afternoon, the $110 billion New York-based Signature Bank was closed by the New York Department of Financial Institutions.

This week: Senate starts review of Biden’s budget; NCUA Board meets ([link removed] )

The Senate is in session on Capitol Hill this week while House members work in their home districts. After President Joe Biden released his proposed 2024 budget last week – which included increased funding for several credit union priority areas – some Senate committees will hold hearings to begin sorting through the president’s requests.

New BSA Blast discusses AML whistleblower awards, Russian sanctions ([link removed] )

A new edition of NAFCU’s BSA Blast is now available on the association’s website in its user-friendly digital format with direct links to each section. The first quarter issue features articles from NAFCU’s award-winning Compliance Team on implementation of whistleblower awards and Russian oligarchs’ attempts to evade sanctions.

CEOs and Senior Executives Conference ([link removed] )

Charleston, SC | May 17 – 19, 2023 

You’ll explore winning the member experience, the state of lending—risks and opportunities, business and commercial lending trends, success in the post digital age and more! Charleston has been voted America’s #1 small city by Condé Nast “2022 Readers’ Choice Awards.” 

VIEW AGENDA ([link removed] )

Hurry! $200.00 savings with code CEOSAVINGS ends this week! 

February jobs report could lessen next rate hike, says NAFCU Chief Economist ([link removed] )

The Bureau of Labor Statistics (BLS) issued the latest jobs report Friday, which revealed that the unemployment rate rose to 3.6 percent in February. NAFCU Chief Economist and Vice President of Research Curt Long noted the report “was a positive one overall.”

CFPB seeking comments on Reg Z’s mortgage loan originator rule ([link removed] )

As part of the CFPB’s required review of the mortgage loan originator rule under Regulation Z, the bureau is seeking public feedback on the rule’s impact on small entities.

Lawmakers support NFIP reauthorization, extension ([link removed] )

During a House Financial Services Subcommittee on Housing and Insurance hearing Friday on flood insurance coverage, lawmakers overall offered support for extending and reauthorizing the National Flood Insurance Program (NFIP). NAFCU has supported the long-term reauthorization and continued modernization of the NFIP.

BSA23_Skyscraper ([link removed] )

Elevate your credit union’s story.

Share it with #NAFCUNation

([link removed] ) HTML tutorial ([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

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

You’ll hear from experts on culture, engagement, and retention of top talent, harnessing the power of data, remaining relevant and so much more! View Agenda! ([link removed] )

For three weeks only: Save $400.00 per person when you register at least 4 “new” attendees with code GROUP400 by 3/31/23. (That’s at least $1,600.00 in savings!)

JOIN THE CONVERSATION:

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YouTube ([link removed] )

Website ([link removed] )

NAFCU. 3138 10th St N Arlington, Virginia 22201

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