NASCUS closely monitors the ever-changing developments surrounding the CFPB, providing members with timely updates, summaries, and comment letters on new rules, regulations, and guidance. By staying ahead of evolving policies, members and stakeholders can better understand and respond to any impact on the credit union system.
The U.S. Department of the Treasury plays a significant role in shaping the credit union system through financial policy, regulatory guidance, and community development programs. Its initiatives influence credit unions’ access to capital, compliance with anti-money laundering (AML) and financial crimes regulations, and participation in programs.
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The FFIEC is taking steps to raise awareness among financial institutions and their third-party providers about growing cybersecurity risks. As reliance on technology increases, cyber threats pose significant risks to operations and public confidence in the financial sector, making risk identification and mitigation critical.
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The Federal Reserve influences the credit union system through monetary policy, interest rate decisions, and regulatory guidance. Its actions affect credit union lending, liquidity, and overall financial stability, making it a key factor in the operating environment for credit unions.
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