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Home News CURRENT Newsletter | October 6, 2023

CURRENT Newsletter | October 6, 2023


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NOTE: The League Office will be closed on Oct. 9, in recognition of Columbus Day.

Regulatory Compliance Weekly Roundup: Oct. 6, 2023

This week, the REGular Blog tackles noteworthy news on CFPB's day in court; HMDA information and reporting requirements; the Beneficial Ownership Information (BOI) reporting rule; and recent speeches from members of the NCUA Board on regulatory issues related to mortgage lending.

Related: CFPB in the Supreme Court: Oral Arguments
Related: NCUA Chairman Touches on Numerous Housing-Related Issues in Remarks to Mortgage Lenders

As House Readies for Election of New Speaker, CUs Urged to Maintain Efforts to Fight Interchange Bill

As the U.S. House of Representatives readies to select a new Speaker, your League is urging credit unions to maintain communications with lawmakers on the Credit Card Competition Act (interchange legislation).

“Now is an opportune time to reach lawmakers given that business is stalled in the House,” noted League Chief Advocacy Officer JT Blau. “We remain vigilant against efforts to advance the credit union-opposed legislation via one of the must-pass spending measures, or perhaps some other measure like the Senate’s SAFER Banking Act.”

Use our Advocacy Action Center to email lawmakers now.

Congress continues to face pressure to fund the government for the coming fiscal year. The Continuing Resolution passed last weekend allowed Congress to avert a shutdown of the federal government, but that CR will only carry the government through Nov. 17.

Financial Well-Being for All Boot Camp Oct. 25; Registration Open

Your members need you. But are you missing opportunities to meet them where they are in their life and financial journeys? Our Boot Camp offers training on identifying and categorizing a member’s financial health so you can tailor your product and service offerings to better meet their unique needs. We’ll also take a deep dive into the Financial Health Pulse survey to uncover actionable insights on consumer financial health in the U.S. HumanKind will provide an overview of their Economic Resource Center and the services credit unions can leverage to aid members.

League Congratulates Apple FCU's Andy Grimm on Appointment to CFPB's Credit Union Advisory Council

Apple Federal Credit Union President/CEO Andy Grimm has been appointed to the Consumer Financial Protection Bureau's (CFPB) Credit Union Advisory Council.

Leadership, Communication Styles Seminar Set for Nov. 16

We’re excited to announce the third module/seminar as part of the League’s EMERGE Certification Program! Join us Nov. 16 as we focus on leadership and communication, specifically “authentic leadership” and how best to use our personal strengths and communication skills in the workplace. Participants will complete a leadership personality assessment facilitated by a professional.

NCUA, FTC to Host Oct. 26 Webinar on Protecting Credit, Identity

NCUA and the Federal Trade Commission (FTC) are hosting a webinar titled “Protect Your Credit and Identity with Cybersecurity Awareness” on Oct. 26 in recognition of October's National Cybersecurity Awareness Month.

Registration is currently open for the free webinar, which is scheduled to begin at 1 p.m.

In Other News …

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