Newsroom

Back to the Newsroom
March 02, 2020

This week: NAFCU watching CFPB constitutionality arguments, Super Tuesday primaries

Capitol HillIt's a busy week in Washington with Congress in session and most news coverage focused on tomorrow's Super Tuesday contests – where 14 states will hold their presidential primaries. In addition, the Supreme Court is set to hold oral arguments tomorrow lawsuit filed by Seila Law challenging the CFPB's single-director structure.

NAFCU's award-winning government affairs team will monitor the Super Tuesday primaries and keep credit unions updated on what the results mean for the presidential election. NAFCU has launched a new resource page to provide credit unions with a one-stop-shop for advocacy needs. Developed by NAFCU's team of experts, these resources help credit unions understand the legislative and regulatory environment and are great to share with current decision makers and those running for office.

In the CFPB lawsuit, the bureau previously announced it would no longer defend its director structure after years of lawsuits and calls to reform it from various stakeholders. NAFCU has long held that the CFPB should be reformed to a commission structure to ensure transparency and accountability. This case could also have implications on the structure of the Federal Housing Finance Agency (FHFA). NAFCU will watch the hearing and provide insights to the arguments afterward.

There are several congressional hearings on NAFCU's radar this week, including House and Senate appropriations subcommittees reviewing their respective components of President Donald Trump's proposed fiscal year 2021 budget. A number of committees will also explore the coronavirus threat and the U.S. response. Other hearings happening include:

NAFCU will also attend a forum at the Treasury Department tomorrow and a coalition meeting Wednesday with Federal Housing Administration Commissioner Brian Montgomery focused on qualified mortgages.

Also happening this week:

Related Resources

Complete NAFCU Credit Union Compliance Advertising Guide

Guides
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market.  Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public

Gallagher Executive Compensation and Benefits Survey

preferred partner
Gallagher
Webinar
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public

2024 Mid-Year Fraud Review

Strategy & Growth, Consumer Lending

preferred partner
Allied Solutions
Podcast
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically.   [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters.  [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public

The Evolving Role of the CISO in Credit Unions

Cybersecurity

preferred partner
DefenseStorm
Podcast