Off the Record, On the Issues with John

From fairways to advocacy, join us September 18 in LaMoure for the ND GAC PAC Scramble.

By John Alexander, DakCU Director of Legislative & Regulatory Affairs

ND GAC: Lamoure Credit Union - PAC Scramble
We’re rolling straight from the fairways into the next swing: September 18 in LaMoure, sponsored by LaMoure Credit Union. Capital Credit Union, Hometown Credit Union, First Community Credit Union, Town & Country Credit Union, and your DakCU team are already in with eyes up, momentum high, ready to turn conversations about 2026–2027 and national shifts into home-turf results here in North Dakota. 

However, we’re missing our home-grown small-town credit unions, and your voices change the game more than you probably know. I’ll be calling North Dakota CEOs next week to get you in the lineup; if you can’t make it, we totally understand, just help sponsor a fellow crew so those main street credit union stories still ride in the cart.

Register your team here!

Consumer Financial Protection Bureau (CFPB) reopens “open banking” (Section 1033) for comments (ANPR, Aug 22). The Bureau is reconsidering key parts of the PFDR rule—who can act as a consumer’s “representative,” whether data-provider fees are allowed, security standards (e.g., discouraging screen-scraping), and privacy limits—and says it will propose extended compliance dates (originally phased Apr 1, 2026 → Apr 1, 2030). This directly touches credit unions as “data providers” (transaction accounts, cards, wallets).

CFPB proposes a binding legal standard for nonbank supervisory designations (Aug 26). New proposal would define “risks to consumers” for when CFPB brings nonbanks under supervision. While aimed at fintechs, it affects CU vendor risk: clearer thresholds could change which third parties fall under CFPB exams.

National Credit Union Administration (NCUA) Strategic Plan Town Hall announced August 27; event Sep 9 @ 2 p.m. ET). NCUA is taking input for its 2026–2030 Strategic Plan.

NCUA Call Report updates—comment window closed (Aug 18). NCUA sought feedback on September 2025 Call Report Instruction changes; the comment period ended Aug 18.

Reg II (debit interchange) litigation context (order Aug 6; widely reported Aug 7). ND federal court vacated the Fed’s Reg II but stayed the vacatur pending appeal, so no immediate operational change—yet legal uncertainty remains (and the Fed can still move on its 2023 proposal).

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For more information or to share your perspectives, feel free to contact me.