![]() ![]() With the recent changes in delinquencies and market challenges, it has become vital for financial institutions to adapt and optimize their insurance strategies to protect both lenders and borrowers. Join us for this timely webinar as we delve further into Collateral Protection Insurance (CPI) and explore its significance in today's evolving market landscape. JAdd to Calendar 14:00:00 14:00:00 Collateral Protection Insurance – Adapting to Changing Market Dynamics NAFCU will continue to monitor developments of this package, as well as other legislation affecting credit unions on the Hill. They are also encouraged to register their opposition with Senators by visiting NAFCU’s Grassroots Action Center. NAFCU credit union members are encouraged to share a statement that the association can share publicly with media, members of Congress, and others to oppose this legislation. ![]() Specifically, NAFCU remains focused on voicing opposition for the Credit Card Competition Act by alerting lawmakers about the negative impacts of imposing any new caps or restrictions on interchange fees. NAFCU's award-winning advocacy team remains hard at work for credit unions to keep industry priorities top-of-mind for lawmakers. Of note, while the package includes funds for increased IRS enforcement, it does not include a NAFCU-opposed provision that would have required new account information reporting by financial institutions. The package now heads to President Joe Biden's desk to sign into law. Earlier this month, the Senate passedthe package in a 51-50 vote. In a 220-207 vote, the House passed the Democrat budget reconciliation package on Friday. ![]()
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