The NCUA board released its monthly meeting schedule for 2023. No meeting is scheduled for August and the meeting schedule is subject to change. The calendar is posted to NCUA’s website and agendas are available one week in advance of each open board meeting.

Credit unions derive significant benefits from being a part of the Federal Home Loan Bank (FHLBank) system, CUNA wrote to the Federal Housing Finance Agency (FHFA) Monday. CUNA’s comments were sent to the FHFA for its comprehensive review of the Federal Home Loan Bank system.

CUNA advocacy leaders will give a first look at what’s in store for the 118th Congress Thursday, Nov. 10 during a free webinar for CUNA members. Registration is open for the webinar, which is scheduled for 2 p.m. ET Nov. 10.

CUNA submitted its written comments on NCUA’s proposed 2023-24 budget Friday, thanking NCUA for its continued transparency and engagement but noting concern as the proposed increase comes against “a backdrop of elevated financial pressure” for credit unions.

The CFPB issued guidance on “junk fees” this week that raise several concerns over the treatment of financial institution fees, including a statement that overdraft and depositor fees likely violate the Consumer Financial Protection Act when consumers cannot reasonably avoid them.

The Indiana Credit Union League announced its newly elected board and a new director last week. The new board consists of all women in officer positions and its first African American chairwoman, Afena Federal Credit Union President/CEO Karen Madry.

The CFPB Thursday commenced its rulemaking on personal financial data rights under section 1033 of the Dodd-Frank Act, releasing proposals and alternatives under consideration for the CFPB’s data rights rulemaking.

CUNA Chief Economist Mike Schenk said the Commerce Department's third-quarter GDP report shows that healthy economic growth will not last, as the Fed's recent aggressive policy response to high inflation "virtually guarantees" fourth-quarter output will decelerate, perhaps significantly.

Nominations are now being accepted for eight open director positions on CUNA’s Board of Directors.

Comments on several regulatory items of interest to credit unions are due in the coming weeks including on NCUA’s draft 2023-24 budget, due Oct. 28.