The latest on CECL, more during today's member call
NAFCU President and CEO Dan Berger and the association's award-winning advocacy team today will give members an update on legislative and regulatory priorities – such as obtaining more relief and guidance for the current expected credit loss (CECL) standard – during the association's Q2 Member Call-In. This member-only benefit is free, but registration is required.
Yesterday, a bipartisan group of 10 representatives introduced legislation to halt the implementation of CECL and require regulators to study its impact (read more here). NAFCU continues to stress concerns about credit unions' unique capital framework, which limits the NCUA's ability to mitigate CECL's effect on institutions' net worth without action from the Financial Account Standards Board.
In addition to CECL, NAFCU will update members on:
- NAFCU-led efforts in Congress to modernize loan maturity limits;
- NCUA's and CFPB's spring rulemaking agendas;
- the Telephone Consumer Protection Act and efforts to combat illegal robocalls;
- credit union-related provisions within appropriations bills currently being worked on;
- efforts to reform Bank Secrecy Act provisions;
- the association's upcoming Annual Conference and Solutions Expo and Congressional Caucus;
- and more ongoing regulatory and legislative efforts that will impact credit unions.
The call is slated to begin at 4:00 p.m. Eastern, and members can submit questions in advance during the registration process or live during the Q&A portion of the call.
Berger will be joined in the call by Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Vice President of Legislative Affairs Brad Thaler, Vice President of Regulatory Compliance Brandy Bruyere, Chief Economist and Vice President of Research Curt Long, Director of Regulatory Affairs Ann Kossachev and Director of Political Affairs Chad Adams.
Add to Calendar 2020-05-26 14:00:00 2020-05-26 14:00:00 Corporate Social Media Presence: High Risk, High Reward Having a social media presence has become a near-necessity in today’s constantly-connected world. Social media provides a unique avenue to reach customers (and potential customers) in ways that more traditional media has never been able to accomplish. But in addition to these unique benefits, a company’s social media presence also presents unique risks. Jay Williams, an attorney at Buckley LLP, will discuss these risks, as well as the ways companies can effectively mitigate them. This webinar will address recommended practices for a company’s social media presence, including developing a social media policy, understanding enforcement implications and regulatory guidance. PROGRAM UNDERWRITTEN BY Key Takeaways Review the risks associated with using social media and how to put effective controls in place to manage those risks Discuss the importance of a social media policy and best practices for developing it Identify the unique electronic discovery challenges that social media presents Understand the social media guidelines that financial regulators have developed Register Now For On-Demand Access$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until May 26, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) C-suite executives Marketing staff Communication staff Social media staff Compliance staff Risk staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Review the risks associated with using social media and how to put effective controls in place to manage those risks. Discuss the importance of a social media policy and best practices for developing it. Identify the unique electronic discovery challenges that social media presents. Understand the social media guidelines that financial regulators have developed. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Communications and Marketing – Non-Technical & Regulatory Ethics - Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU firstname.lastname@example.org America/New_York public
Credits: NCCO, NCRM, CPE
Program underwritten by Mastercard
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