Credit union association leaders are working together to delay the CFPB from enforcing and implementing its final rule on section 101 of the Dodd-Frank Act. CUNA and NAFCU wrote a joint letter outlining concerns and requesting the delay of the rule after a U.S. District Court decision.

CUNA President/CEO Jim Nussle and NAFCU President/CEO Dan Berger issued a joint statement in response to the Community Development Financial Institution (CDFI) Fund’s Community Development Advisory Board’s Final and Approved CDFI Certification Recommendations adopted last week. 

Agency released updates to several sections of the Bank Secrecy Act/Anti-Money Laundering Examination Manual.

Labor Department report shows robust, albeit cooler, job growth, which is good news on the inflation front.

Credit union commits $10 million over the next five years to Sacramento’s Del Paso Heights neighborhood.

NCUA has observed a rise in cyberattacks against credit unions, including credit union service organizations (CUSOs), and others. These include an incident directly related to a critical vulnerability in the MOVEit Transfer web application, as well as other attacks unrelated to MOVEit. 

NCUA issued a reminder this week that "having a policy or practice of requiring manual underwriting as an exception to automated underwriting systems based on a minimum or maximum age" violates the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B. 

The Federal Communications Commission should not adopt its proposal to require callers to honor opt out requests within 24 hours, CUNA and ACA International wrote to the FCC in comments filed jointly this week, noting the proposal seems to create a new regulation.

NCUA is working with federally insured credit unions affected by the recent severe storms and flooding in Vermont to help protect consumers and ensure continuity of services. The NCUA is closely monitoring the situation to determine the operating status of credit unions in the flooded areas.