NAFCU News Archives

NAFCU, Treasury talk interchange concerns

NAFCU, Treasury talk interchange concerns

NAFCU met with Treasury officials Tuesday to discuss the Credit Card Competition Act (CCCA) and the negative impact it would have on credit unions and their members by extending the Durbin amendment’s debit interchange [...]

What’s going on: The fifth circuit and the CFPB

What’s going on: The fifth circuit and the CFPB

In the beginning of October we blogged about some spooky Consumer Financial Protection Bureau (CFPB) enforcement actions. Well, later that month the Fifth Circuit Court of Appeals (Fifth Circuit) issued a ruling that caused some [...]

FOMC gears up for another rate hike

FOMC gears up for another rate hike

The Federal Open Market Committee (FOMC) starts their November meeting today where NAFCU Vice President of Research and Chief Economist Curt Long expects the Fed to raise rates another 75 basis points, bringing the Federal [...]

UCC tricks and treats!

UCC tricks and treats!

I hope everyone has a Halloween filled with more treats than tricks! Speaking of tricks, what happens when a credit union receives a check that has double the forgery? For example, the drawer’s signature [...]

GDP rises in the third quarter

GDP rises in the third quarter

The Commerce Department released its advanced estimate of economic activity Thursday, revealing the U.S. economy grew 2.6 percent – in terms of real Gross Domestic Product (GDP) – in the third quarter. NAFCU Vice President [...]

Inspiring courage

Inspiring courage

One of the most defining attributes of a strong leader is courage. And inspiring our teams to be courageous and take calculated risks can be one of the best leadership skills we can impress on [...]

New home sales dip in September

New home sales dip in September

New home sales fell 10.9 percent in September to 603,000 annualized units. Sales in August were revised down 8,000 units. Compared to last year, September sales were down 17.6 percent. NAFCU [...]

SAFE Banking Act on table as part of NDAA

SAFE Banking Act on table as part of NDAA

While Members of Congress are back home in their districts, NAFCU is encouraging credit unions to request their local lawmakers support the Secure and Fair Enforcement (SAFE) Banking Act. In July, the House included the [...]

FinCEN adopts the first of three CTA rules

FinCEN adopts the first of three CTA rules

Greetings, Compliance folks! Fall is in full swing - I recently took a trip to upstate New York for a family function and was delighted to see the gorgeous fall foliage in the mountains. We [...]

NAFCU writes to FHFA on FHLBs

NAFCU writes to FHFA on FHLBs

NAFCU Senior Regulatory Affairs Counsel Aminah Moore wrote to the Federal Housing Finance Agency (FHFA) Friday in response to the agency’s comprehensive review of the Federal Home Loan Bank (FHLB) System as it approaches [...]

NCUA Board briefed on cybersecurity and CLF

NCUA Board briefed on cybersecurity and CLF

The NCUA Board met Thursday to receive two briefings, one on cybersecurity and another on the Central Liquidity Facility (CLF). In addition, the board unanimously approved the NCUA Risk Appetite Statement, which outlines the variety [...]

Leaders are not born, they’re made

Leaders are not born, they’re made

Legendary NFL coach Vince Lombardi once said, “Leaders are not born, they’re made.” While it sounds very cliché, it’s true. No one is born a leader. We all work our way up to [...]