Newsroom
NAFCU's Thaler cautions against postal banking, offers support for CDFI, CDRLF funding
In a letter sent Wednesday, NAFCU's Brad Thaler detailed concerns about the postal banking proposal included in the omnibus appropriations package containing the fiscal year 2022 financial services and general government (FSGG) appropriations bill ahead of House consideration.
"NAFCU and our member credit unions are very concerned that allowing the United States Postal Service (USPS) to provide banking services will be beyond its core competencies, will raise a number of serious regulatory and consumer protection questions, and will present significant competitive issues for private sector entities," wrote Thaler, vice president of legislative affairs. "We urge the removal of this provision from any final funding bill before its enactment.
"There are better approaches to address access to financial services, such as allowing all credit unions the ability to add underserved areas to their field of membership, as has been proposed in draft legislation before the House Financial Services Committee," added Thaler.
In addition, Thaler offered support for increased funding for the community development financial institution (CDFIs) fund and the community development revolving loan fund (CDRLF), noting the programs have proven to be an "invaluable means of providing financial services to underserved areas." The FY2022 FSGG, if approved as is, includes $330 million for the CDFI fund and $4 million for the CDRLF.
Read Thaler’s full letter. NAFCU will continue to monitor the bill as it progresses through Congress.
Share This
Related Resources
Tie-Breaker Ideas for Director Elections
Board and Governance
Blog Post
Add to Calendar 2023-06-06 14:00:00 2023-06-06 14:00:00 Avoiding and Resolving Harassment Claims: A Primer for Board Members The #me-too movement may have receded from the front of public consciousness, but the need to prevent and resolve harassment claims remains a key function for any employer. As community-oriented organizations, credit unions more than most feel a responsibility for the well-being of their members, employees and volunteers. This webinar, Avoiding and Resolving Harassment Claims: A Primer for Board Members provides both an introduction to the subject for board members, as well as selected deep dives on particular issues of interest to credit union volunteer boards. Key Takeaways Learn to identify the hallmarks of a situation in which it is appropriate for the board to become involved, as opposed to permitting effective resolution through normal human resources procedures Recognize the breadth of current law governing harassment claims, including newly prominent protected categories, the nature and severity of conduct which may constitute harassment, and the fact that conduct that may not rise to the level of a state or federal law civil rights violation may still violate the credit union’s own internal policies, procedures, and ideals, and be subject to appropriate discipline and remedial action Discover appropriate oversight roles for board officers, committee members including supervisory committee members, and other Board members, particularly in the context of passing along a report or complaint of harassment or inappropriate conduct Register Now$295 Members | $395 Nonmembers (Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until June 6, 2024.Go to the Online Training Center to access the webinar after purchase » Who Should Attend Board of director titles NCVEs and volunteer titles HR titles Education Credits NCVEs will receive 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Avoiding and Resolving Harassment Claims: A Primer for Board Members
Credits: NCVE
Webinar
Add to Calendar 2023-06-06 09:00:00 2023-06-06 09:00:00 Fighting Fraud: The Role of Fraud Fusion Centers Listen On: Key Takeaways: [00:56] The concept of a Fraud Fusion Center is a collaboration among professional fraud fighters. Anyone that has been doing this for a while forms a network of trusted advisors and we all go to each other anytime we come across some new or complex case. [02:50] Scams have always been around but the emergence of AI has made them far more sophisticated than we have ever seen before. [05:55] Person-to-person payment apps like Zelle, Venmo, and CashApp are not protected like debit and credit cards. [08:30] Every single time that new technology comes out that makes our lives better, fraudsters will find a way to exploit it. The current state of cyber fraud points credit unions in a lose-lose situation. [20:04] By identifying the information at one credit union and getting it out to others they are getting ahead of these threats. [22:19] Fraud Fusion Centers are critical. Formalize it and make it happen. Web NAFCU digital@nafcu.org America/New_York public
Fighting Fraud: The Role of Fraud Fusion Centers
Security, Fraud, Risk Management
preferred partner
DefenseStorm
Podcast
The CFPB Announces Final Judgement Against Bank for Regulation Z Violations
Board and Governance
Blog Post
Get daily updates.
Subscribe to NAFCU today.