NAFCU Director of Regulatory Compliance Nick St. John, Regulatory Compliance Counsel Tara Simpson, and Regulatory Compliance Counsel Judy Dahn presented at the Capital Area Compliance Roundtable (CACR) – a group of credit unions located in the [...]
The House and Senate remain in session this week with lawmakers continuing to work on must-pass legislation, including the National Defense Authorization (NDAA) and appropriations bills. In addition, NAFCU will monitor several hearings on Capitol [...]
As an advocacy organization, NAFCU works on behalf of our members who have entrusted us with their voice in Washington, D.C. We are a single entity, but our actions represent and defend many – not [...]
The Senate Banking Committee Wednesday advanced to the full chamber President Joe Biden’s three nominations to the Federal Reserve Board of Governors. Philip Jefferson is nominated for Vice Chair of the Federal Reserve Board [...]
The CFPB Tuesday ordered Bank of America to pay over $100 million to customers for “systematically double-dipping on fees imposed on customers with insufficient funds in their account, withholding reward bonuses explicitly promised to credit [...]
NAFCU’s largest advocacy event of the year – Congressional Caucus – is just two months away. The conference amplifies the industry’s voice by gathering hundreds of credit union leaders in Washington, D.C., to connect [...]
New data from the Bureau of Labor Statistics revealed 209,000 jobs were added in June, with a decrease in the unemployment rate to 3.6 percent. NAFCU Chief Economist and Vice President of Research [...]
Threenagers are some of the most difficult people to please. Trust me, we have one. She’s bossy. She mocks us. She’s super impatient and messy. I for one wanted to evict her, but [...]
The Federal Reserve Bank of New York’s New York Innovation Center Thursday published a report on the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger. The project [...]
First off, I want to thank everyone who attended Engage 2023: NAFCU’s Annual Conference. It was fantastic to be back in-person and able to talk, collaborate, and strategize with so many people. In my [...]
The Federal Open Market Committee (FOMC) yesterday released minutes from its June meeting, revealing the committee agrees that “inflation was unacceptably high” and that lowering inflation has been “slower than expected.” According to the minutes, [...]
Congress remains in recess this week and NAFCU continues to advocate on behalf of credit unions on top priorities, including interchange, the National Defense Authorization Act, credit union tax exemption, regulatory relief, and more. Last [...]
The Federal Reserve Thursday released a list of 57 early adopters that have completed formal testing and certification in advance of the FedNow Service’s launch. The announcement indicates the group is performing final trial [...]
Hello from sunny Southern California! After four years and an unprecedented global pandemic, I was honored to welcome back hundreds of credit union leaders and industry professionals in Long Beach for a week of reconnection, [...]
NAFCU President and CEO Dan Berger welcomed hundreds of credit union leaders to Engage 2023: NAFCU’s Annual Conference with opening remarks Wednesday morning that emphasized credit unions’ resilience and strength. Although the pandemic presented [...]
