In an op-ed published in RealClear Markets, NAFCU President and CEO Dan Berger detailed the “mind-boggling” war the CFPB continues to wage on Main Street America following a continuous stream of regulations that hurt small [...]
About a month ago, you filed a suspicious activity report on a member you suspect is funneling drug money through your credit union. This guy gives you the creeps and for good reason! He shows [...]
House Small Business Committee Chairman Roger Williams, R-Texas, along with Reps. Andy Barr, R-Ky., and Andy Ogles, R-Tenn., introduced a Congressional Review Act (CRA) resolution in opposition to the CFPB’s recently finalized section 1071 [...]
In the financial services industry, we advocate for a “level playing field” to ensure all entities have the same opportunities to compete. While creating that environment gives an organization a chance to succeed, their success [...]
In response to another baseless attack from a group of community bank associations, NAFCU Senior Vice President of Government Affairs Greg Mesack highlighted the hypocrisy of their arguments in a letter to House Financial Services [...]
Total vehicle sales declined in March, falling from 15 million annualized units in February to 14.8 million units, with monthly sales levels rising 9.2 percent year-over-year. NAFCU Economist Noah Yosif analyzes the data [...]
The Consumer Financial Protection Bureau (CFPB or bureau) released a policy statement outlining the elements of abusive acts or practices and offered a framework that may help credit unions identify practices that may fall under [...]
A new article from Pew Charitable Trusts examined trends in credit union lending trends and found that credit unions issued $846 million in loans through the NCUA’s Payday Alternative Loan (PAL) program in 2022, [...]
The second half of March was dominated by conversations around the recent failures of Silicon Valley Bank and Signature Bank. As NAFCU President and CEO Dan Berger noted on Bloomberg TV, credit union deposits remain [...]
On March 30th, the CFPB issued a final rule under section 1071 of the Dodd-Frank Act. A little history behind this rule, section 1071 of the Dodd-Frank Act amended the Equal Credit Opportunity Act (ECOA) [...]
NAFCU has launched a new working group for member credit unions focused on Community Development Financial Institutions (CDFIs). The group held its inaugural meeting Thursday to discuss recent updates, including the status of the CDFI [...]
March proved to be an exceptionally busy month for the financial services industry and credit union leaders everywhere. Typically, a busy month comes with opportunities to rethink strategies for work processes, communication, or even leadership [...]
Since leaving NAFCU’s Strategic Growth Conference, I’ve been thinking about what makes a credit union excellent. We talked about culture, technology, marketing, service, strategy and more. But as I’ve thought about it, [...]
NAFCU President and CEO Dan Berger joined The Close on Bloomberg TV Wednesday to discuss recent bank failures, saying that they were the result of poor management across the board and adding that although the [...]
Join Dr. Mark Calabria as he discusses his new book, “Shelter from the Storm: How A COVID Mortgage Meltdown Was Averted.” Dr. Calabria explains the challenges that faced the mortgage markets at the beginning of [...]
