NAFCU News Archives

Navigating an unpredictable future

Navigating an unpredictable future

As leaders, we learn to expect the unexpected. As life happens and new obstacles present themselves, we have to learn to assess, adapt, and reassess. However, this takes time and practice. When we learn that [...]

HFSC drops NAFCU-opposed Overdraft Protection Act from markup

HFSC drops NAFCU-opposed Overdraft Protection Act from markup

The House Financial Services Committee pulled the NAFCU-opposed Overdraft Protection Act during its rescheduled markup Wednesday. NAFCU has long advocated against the bill, as it would significantly limit overdraft protection programs and the ability to [...]

Community charters and remote access to a community

Community charters and remote access to a community

As NAFCU noted last week, the House passed a bill that, among other things, would permit federal credit unions to add underserved areas to their field of membership. The bill also adds "banking deserts” to [...]

CFPB touts efforts to measure impact of FIs overdraft programs

CFPB touts efforts to measure impact of FIs overdraft programs

The CFPB published a blog post Thursday regarding overdraft and non-sufficient fund (NSF) fees. The post describes the bureau’s supervisory efforts toward financial institutions “with a higher share of frequent over drafters or a [...]

Leading with SPINE

Leading with SPINE

As leaders, we tend to balance different voices of influence both inside our minds and from outside sources. As leaders, though, it is also our duty to be able to use these influences to help [...]

Fed to discuss inflationary pressures, rate hikes, more

Fed to discuss inflationary pressures, rate hikes, more

The Federal Open Market Committee (FOMC) - the Fed’s monetary-policy setting arm – begins its June meeting today and is expected to discuss several topics of interest to credit unions. Until recently, it was widely [...]

Inflation rose to highest level since 1981 in May

Inflation rose to highest level since 1981 in May

On a seasonally-adjusted basis, overall consumer prices rose 1 percent in May, with the Bureau of Labor Statistics reporting that the overall consumer price index (CPI) grew by 8.5 percent over the 12-month period. [...]

Fair lending obligations and decision-making algorithms

Fair lending obligations and decision-making algorithms

A few weeks ago, the Consumer Financial Protection Bureau (CFPB or bureau) issued Consumer Financial Protection Circular 2022-03 to remind creditors of their obligations under the Equal Credit Opportunity Act (ECOA) and Regulation B regarding [...]