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Register now: CECL, SIF updates in member call April 3
The current expected credit loss (CECL) standard, distributions from the National Credit Union Share Insurance Fund (NCUSIF) and legislative efforts to address underserved communities, housing finance reform, data security and loan maturity limits are on the agenda for NAFCU's Q1 Member Call-In happening April 3.
This quarterly update with NAFCU's award-winning advocacy team is a free benefit of the association's membership; register for the call here.
During the call, members will hear from NAFCU president and CEO Dan Berger, Executive Vice President of Government Affairs and General Counsel Carrie Hunt and top members of NAFCU's advocacy team on the latest happening in Washington, including:
- efforts to obtain an exemption for credit unions under the CECL standard, or, at the minimum, a delay of the implementation date;
- pending distributions from the NCUSIF, expected in the second quarter and totaling $160.1 million;
- potential new regulatory burdens for some credit unions under Sen. Elizabeth Warren's, D-Mass., revised comprehensive housing reform bill;
- efforts by Congress and administration officials to reform the nation's housing finance system;
- legislative efforts to enact a national data security standard to protect consumers' data and hold negligent companies accountable; and
- a NAFCU-sought bill that would give the NCUA greater flexibility in setting loan maturity limits under the Federal Credit Union Act.
The team will also discuss economic indicators and the latest coming out of the CFPB and NCUA, and more.
The call is slated for 4 p.m. Eastern. Members will be able to ask questions during the call; questions can also be submitted in advance during the registration process.
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