Also: FOMC opts to hike rates; Berger compares crypto to ‘Wild West’ in op-ed push for reg framework

March 23, 2023

NAFCU updates CUs on Washington’s response to bank failures ([link removed] )

NAFCU Senior Vice President of Government Affairs Greg Mesack sent member credit unions an update on discussions and efforts underway in Washington, D.C., in response to recent bank failures.

FOMC opts to hike rates following bank failures ([link removed] )

The Federal Open Market Committee (FOMC) concluded its March meeting yesterday, where the committee raised rates 25 basis points to a range of 4.75 to 5 percent – the ninth consecutive meeting ending with a hike. “The FOMC opted for a hike despite recent turmoil in the banking sector,” said NAFCU Chief Economist and Vice President of Research Curt Long after the meeting. “However, the committee did not raise its projected terminal fed funds rate and softened the tone of the statement regarding the likelihood of future rate hikes.”

Berger: Crypto is ‘Wild West’ in need of safeguards ([link removed] )

In an op-ed published in CUInsight, NAFCU President and CEO Dan Berger flags the dangers of cryptocurrency without proper regulation and safeguards – “Cryptocurrency has become a nest for exploitation and has evaporated billions of consumers’ hard-earned dollars” – and reiterates the association’s call for a regulatory framework that maintains credit unions’ ability to compete on a level playing field.

Get the essential CU knowledge and training you need! ([link removed] )

Our online training subscriptions ([link removed] ) have industry experts covering the hottest topics in a fast, convenient way. Plus, they allow your entire credit union staff access to online training 24/7/365. 

SUBSCRIBE TODAY ([link removed] )

NAFCU Networks offer insights into illegal robocalls, lending ([link removed] )

NAFCU Networks offer member credit unions and their staff a free online community to connect on industry trends, hot topics, concerns, and strategies. The Compliance, Risk & BSA Network has a new insight post on recent efforts from the Federal Communications Commission (FCC) to crackdown on illegal robocalls and robotexts. Additionally, the Lending Network announced a roundtable discussion happening next week.

New on the Compliance Blog: Advertising a ‘free’ account, share insurance basics ([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.

Engage22_Skyscraper_Group400 ([link removed] )

Elevate your credit union’s story.

Share it with #NAFCUNation

([link removed] ) HTML tutorial ([link removed] )

NAFCU CALENDAR ([link removed] )

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

MAR

28
A Deep Dive into FedNow Service Features and 24/7/365 Operations ([link removed] )

Complimentary Webinar

MAR

28
SECURE 2.0: Creating a New Retirement Plan Foundation ([link removed] )

Complimentary Webinar

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

You’ll hear from experts on the current state of lending, technology trends shaping CUs, the member of the future, member experience and expectations and more!

View Agenda. ([link removed] )

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:

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] ) .