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The National Credit Union Administration Board held its sixth open meeting of 2024 and approved:

• A final rule incorporating its Second Chance Interpretive Ruling and Policy Statement and the Fair Hiring in Banking Act into its regulations.
• A final rule that would simplify share insurance regulations by establishing a “trust accounts” category.

In addition, the NCUA’s Chief Financial Officer briefed the Board on both the performance of the National Credit Union Share Insurance Fund during the second quarter of 2024 and the 2024 mid-session budget.

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The CFPB has scheduled two sessions to provide a preview of its nonbank enforcement order registry. The virtual-only discussions are scheduled for September 30 and October 9. Both sessions will feature the same content.

Over the past several years, the number of states with comprehensive consumer data privacy laws has increased exponentially from just a handful—California, Colorado, Virginia, Connecticut, and Utah—to up to twenty by some counts.

The Federal Communications Commission (FCC) has issued a call for public comments on a proposed rule aimed at improving the Robocall Mitigation Database. This database, established in 2021 under the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act, requires voice service providers to track call authentication and ensure their services are not facilitating illegal robocalls.

Congressional finance legislators earlier this week chastised a decision by the U.S. Chamber of Commerce and the American Bankers Association (ABA) to sue banking regulators in an effort to block them from reforming the Community Reinvestment Act (CRA).