The most entertaining sporting event in the country began this week: the NCAA Tournament – more affectionately known as March Madness. There’s nothing quite like flipping on the TV to watch the chaos that ensues [...]
Well, I didn’t see this week coming. From last Friday to today, unexpected things happened in financial services and morphed quickly. I don’t see that as abnormal. It really is quite ordinary. From [...]
The Federal Reserve announced its FedNow service – which will allow participating credit unions the ability to send and receive real-time payments – will start operating in July. NAFCU has long supported the Fed’s involvement as [...]
On a seasonally-adjusted basis, overall consumer prices rose 0.4 percent in February, with the overall consumer price index (CPI) growing 6 percent year-over-year. NAFCU Economist Noah Yosif analyzed the data in a new Macro [...]
What type of member information can be shared? Who can we share member’s information with? When can we share member’s information? NAFCU’s Compliance Team regularly fields these types of questions from our [...]
As President Joe Biden, lawmakers, and regulators Monday continued to address the failings of Silicon Valley Bank (SVB) and Signature Bank, NAFCU President and CEO Dan Berger sent a message to member credit unions providing [...]
The Bureau of Labor Statistics (BLS) issued the latest jobs report Friday, which revealed that the unemployment rate rose to 3.6 percent in February. NAFCU Chief Economist and Vice President of Research Curt Long [...]
The Consumer Financial Protection Bureau (CFPB or bureau) released a special edition supervisory highlights (highlights) edition about junk fees. With the CFPB acknowledging junk fees as a supervisory priority, junk fees are already in the [...]
President Joe Biden Thursday released his proposed 2024 budget, which includes provisions aimed at strengthening communities, addressing tax issues, and bolstering protections against global threats. The proposed budget totals more than $10 trillion over the [...]
It’s not a secret to success, but effective leaders are often those who have found themselves in a trusted and engaged network of like-minded professionals. These networks provide a myriad of benefits by offering [...]
All of us try to understand the world around us - we have duties to serve broad constituencies, so we must see the world as it is. But a dangerous thing can occur - when [...]
The Department of Housing and Urban Development (HUD) finalized a rule to allow a standalone 40-year loan modification for mortgagees with Federal Housing Administration (FHA)-insured loans to cure a borrower’s default. NAFCU offered [...]
Senate Small Business and Entrepreneurship Committee Chairman Ben Cardin, D-Md., and Ranking Member Joni Ernst, R-Iowa, wrote to the Small Business Administration (SBA) this week to express major concerns on two proposed rules issued by [...]
In continuing with a busy start to 2023, the Consumer Financial Protection Bureau (CFPB) has brought a couple of interesting enforcement actions for violations that predominantly affect military families. CFPB’s Action Against TitleMax The [...]
NAFCU President and CEO Dan Berger Monday announced a new digital and social media campaign – #NAFCUNation – to elevate the credit union industry and tout its efforts to serve millions of Americans and support local communities. [...]
