Happy post-Christmas Friday to the ten of us who are back to work and reviewing RESPA kickback rules together. The compliance team often receives questions from credit unions about how to cooperate with real estate [...]
The Federal Reserve Board announced a new initiative – a series of fintech innovation office hours – to hear from financial institutions and financial technology companies on issues involving fintech. In addition, the board launched a dedicated [...]
According to the Commerce Department's final estimate, the U.S. economy grew 2.1 percent in the third quarter, remaining unchanged from the second estimate. NAFCU Chief Economist and Vice President of Research Curt Long [...]
The Federal Reserve, in a new study on payments, found that "check payments continued their long-run decline" as the number of automated clearinghouse (ACH) debit transfers exceeded the number of check payments for the first [...]
No one looks forward to having a difficult conversation. As leaders, though, these conversations come with the territory of leading a team or organization. If an employee isn't meeting expectations, it's our responsibility to hold [...]
NAFCU President and CEO Dan Berger and the NAFCU lobbying team were on Capitol Hill Thursday as members were wrapping up their work for the year to thank key lawmakers for their support of credit [...]
As 2019 winds down, many are already looking ahead to next year including the key federal regulators that issue rules impacting credit unions. Two times a year, the Office of Management and Budget, Office of [...]
Senate Banking Committee Ranking Member Sherrod Brown, D-Ohio, and other Democratic members of the committee have requested an update on efforts to reform the government-sponsored enterprises (GSEs) and remove them from conservatorship. The letter, sent [...]
After months of advocacy by NAFCU and credit unions, the Senate passed the fiscal year 2020 National Defense Authorization Act (NDAA) that does not include a credit union-opposed provision regarding bank leases. Additionally, the bipartisan [...]
An “overdraft service” as defined by Regulation E is a “service under which a financial institution assesses a fee or charge on a consumer's account held by the institution for paying a transaction (including a [...]
One of these days, I need to write down some life lessons for Kate and Briggs. When they leave for college (both on scholarship, mind you), I'll hand them an envelope. Inside, there'd be some [...]
Lawmakers in the House today are expected to pass a bipartisan spending package to avert a government shutdown and provide funding through the rest of fiscal year 2020. Additionally, following months of conversation, the Senate [...]
Total retail sales rose 0.2 percent in November, with sales within the control group increasing by 0.1 percent. NAFCU Chief Economist and Vice President of Research Curt Long reacted to the "modest" rise [...]
It's easy to talk. But you have a problem when your words don't have a purpose or don't lead to action. There are reasons teams might defer to talk instead of action: Ideas are just [...]
Following Federal Housing Finance Agency (FHFA) Director Mark Calabria's recent announcement that the agency plans to issue a re-proposed rule setting capital requirements for the Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac early next [...]
