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NAFCU delivers up-to-the minute information on key legislative, regulatory and compliance issues facing credit unions. Browse and filter the news below to stay in the know.

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  • Alternative data, consumer access to records eyed by CFPB's CUAC today (Thursday, March 30, 2017)
    CFPB's Credit Union Advisory Council, which includes several NAFCU-member representatives, will today discuss alternative data and consumers' access to financial records during a public meeting at the bureau's headquarters in Washington.
  • NAFCU, at Treasury, receives update on NIST framework, cyber issues (Thursday, March 30, 2017)
    NAFCU representatives attended a meeting with the Financial Services Sector Coordinating Council Wednesday, which included discussions on cybersecurity, potential updates to the National Institute of Standards and Technology 2014 cybersecurity framework and the future of encryption.
  • NAFCU, Barr talk reg relief, housing (Thursday, March 30, 2017)
    NAFCU President and CEO Dan Berger on Wednesday met with House subcommittee Chairman Andy Barr, R-Ky., to discuss the importance of regulatory relief and housing finance reform that considers credit unions' needs.
  • Supreme Court says speech involved in credit card surcharge case (Thursday, March 30, 2017)
    The Supreme Court this week said a New York law that effectively prohibits merchants from charging customers surcharges when paying by credit card does regulate speech. Merchants are arguing that the law and others like it violate their First Amendment free-speech rights.
  • Cordray to testify at House panel next week (Thursday, March 30, 2017)
    CFPB Director Richard Cordray will testify before the House Financial Services Committee April 5 on the bureau's 2016 semiannual reports, which detail the bureau's activities. This will be Cordray's first appearance before the panel since last March.
  • NAFCU government affairs team talks reg relief opportunities, challenges in call-in (Thursday, March 30, 2017)
    NAFCU President and CEO Dan Berger and the association's senior government affairs staff discussed opportunities for credit union regulatory relief in the current environment during Wednesday's member call-in, which also briefed members on the association's continued efforts to keep credit union issues at the forefront.
  • Long talks CU growth, rate hikes in CUbroadcast (Wednesday, March 29, 2017)
    NAFCU Chief Economist and Director of Research Curt Long discussed how credit unions did in 2016 as well as his expectations for future interest rate hikes from the Federal Reserve in a CUbroadcast interview this week.
  • CFPB 'snapshot' report eyes credit card complaints (Wednesday, March 29, 2017)
    Consumers continue to report problems when they attempt to dispute charges on their credit cards, according to a CFPB "snapshot" report released Tuesday highlighting consumer complaints about the credit card market.
  • Consumer confidence hits highest level since 2000 (Wednesday, March 29, 2017)
    The Conference Board's index of consumer confidence hit 125.6 in March - its highest level since December 2000. NAFCU Chief Economist and Director of Research Curt Long said consumers are feeling more optimistic as the "labor market improves and as equity prices rise."
  • NAFCU at Treasury today for talks on cyber, encryption (Wednesday, March 29, 2017)
    NAFCU representatives today will be at the Treasury Department for an all-day meeting with the Financial Services Sector Coordinating Council - of which NAFCU is a founding member - to discuss cybersecurity updates.
  • Member call-in today eyes CU reg relief (Wednesday, March 29, 2017)
    NAFCU members can tune in today at 4 p.m. Eastern for an update on credit union regulatory relief efforts during the member-only call-in with President and CEO Dan Berger and senior government affairs staff.
  • FHFA notes 2016 progress of credit risk transfer program (Tuesday, March 28, 2017)
    Fannie Mae and Freddie Mac transferred $18 billion of credit risk on $548 billion of mortgages with an unpaid principal balance to the private sector in 2016, according to a Federal Housing Finance Agency progress report issued Monday on its credit risk transfer program.
  • Supreme Court won't revisit Visa, Mastercard $7.25B settlement (Tuesday, March 28, 2017)
    The Supreme Court on Monday said it would not hear, or possibly revive, the $7.25 billion antitrust settlement Visa and Mastercard reached with retailers in a case charging that the card companies overcharged on interchange, or swipe fees, and did not allow stores to encourage consumers to pay in other ways.
  • ECU Monitor survey responses due April 3 (Tuesday, March 28, 2017)
    Credit unions' responses to a NAFCU survey on Military Lending Act issues and the NCUA's regulatory priorities for 2017 are due April 3.
  • Thaler touts importance of CUs to economic prosperity (Tuesday, March 28, 2017)
    Credit unions play a vital role in the economic health of local economies, NAFCU Vice President of Legislative Affairs Brad Thaler wrote in a letter Monday to the leaders of the Senate Banking Committee, which holds a hearing today on the importance of financial companies to economic prosperity.
  • Bankers, after MBL suit dismissal, will file no appeal (Tuesday, March 28, 2017)
    The Independent Community Bankers of America will not file an appeal in its case against the NCUA and its member business lending rule, according to reports Monday.
  • This week: NAFCU eyes economic growth hearing, CUAC meeting, patent case (Monday, March 27, 2017)
    NAFCU staff this week will be monitoring congressional hearings on the role of financial companies in fostering economic growth and how small businesses confront regulations, along with the CFPB's Credit Union Advisory Council meeting and a Supreme Court case regarding the patent system.
  • April 19 webcast eyes advertising compliance (Monday, March 27, 2017)
    Credit unions will learn how to structure their advertising to remain compliant with NCUA rules during an April 19 NAFCU webcast.
  • NAFCU Compliance Blog talks membership and par value (Monday, March 27, 2017)
    NAFCU Special Counsel for Compliance and Research Pamela Yu offered an overview of the basics of credit union membership and par value – or the face value of a member's share – in today's Compliance Blog.
  • CFPB proposes ECOA rule changes (Monday, March 27, 2017)
    The CFPB on Friday proposed amendments to make Equal Credit Opportunity Act regulations more flexible for mortgage lenders collecting lender ethnicity and race information.
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