The Federal Housing Finance Agency (FHFA) last week published its final rule to amend several provisions in the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs). NAFCU provided [...]
In recently released minutes from the Federal Open Market Committee’s (FOMC) latest meeting, members indicated they would be hesitant to raise rates again, unless economic data indicated insufficient progress in lowering inflation to its [...]
Happy early Thanksgiving! Amongst many other things, I am thankful that social media filters work on my cat, Quincy, so I can take fun holiday photos of him to share. This week, my blog is [...]
The Federal Reserve Board announced that the fee schedule for payment services provided by Federal Reserve Banks and used by depository institutions will go into effect Jan. 2, 2024. The Fed is required, by law, [...]
NAFCU Chief Economist and Vice President of Research Curt Long explores economic indicators, recent survey data, and the NCUA’s proposed 2024-2025 budget in a new economic update video. On the economy, Long notes the [...]
The NCUA held a public hearing for its proposed 2024-2025 budget Thursday. For 2024, the agency has proposed an increase of 9.5 percent from 2023 and an increase of 9.9 percent from the [...]
Total retail sales increased 0.1 percent in October, compared to a 0.9 percent increase in September. NAFCU Vice President of Research and Chief Economist Curt Long analyzed the report in a new NAFCU [...]
Join Brian Lauer, partner with the law firm of Messick Lauer & Smith P.C. and General Counsel to the National Association of Credit Union Service Organizations (NACUSO), for a deep dive into the National [...]
NAFCU joined with several other trade associations to voice opposition to a petition made to the CFPB that would require the bureau to pursue a rulemaking to ban pre-dispute arbitration provisions in contracts for consumer [...]
At its September 2023 meeting, the NCUA board unanimously approved a final rule that would amend NCUA’s existing regulations to make it easier for credit unions to work with third-parties in the lending space, [...]
The CFPB Monday announced annual threshold adjustments related to the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Fair Credit Reporting Act (FCRA). The CFPB, along with the Federal Reserve Board and the [...]
The NCUA Board meets Thursday and is set to issue a final rule related to charitable donation accounts (CDAs). NAFCU, the Defense Credit Union Council (DCUC), the Veterans of Foreign Wars (VFW), and TruStage last [...]
The Federal Housing Finance Agency (FHFA) released its report on the Federal Home Loan Bank (FHLBank) system Tuesday. The report is part of the agency’s comprehensive review of the FHLBank system ahead of the [...]
The CFPB Tuesday issued a NAFCU-supported proposed rulemaking to provide new federal oversight of fintech companies and other providers of digital wallets and payment apps. The proposal would subject large technology companies to the same [...]
NAFCU and CUNA wrote a joint letter Monday to CFPB Director Rohit Chopra urging the bureau to hold a new Small Business Regulatory Enforcement Fairness Act (SBREFA) Panel where Small Entity Representatives (SERs), which includes [...]
