NAFCU Press Archives

NAFCU’s Morris raises concerns about CFPB’s proposed HMDA amendments​

WASHINGTON, DC (May 25, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Andrew Morris today wrote a letter to the Consumer Financial Protection Bureau (CFPB) raising the association's concerns about the CFPB's proposed amendments to its Home Mortgage Disclosure Act rule, ...

NAFCU statement on NCUA proposals on mergers, appeals process

WASHINGTON, DC (May 25, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement regarding today's issuance by the NCUA Board of a proposed merger rule that would require additional compensation disclosures and more member-to-member communications. "NAFCU ...

NAFCU to Labor: Fiduciary rule repeal should be top priority

WASHINGTON, DC (May 23, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt wrote today to the Department of Labor urging that the repeal of the department's fiduciary rule be a top priority. In ...

NAFCU to CFPB: Remittance rule is burdensome, guidance needed

WASHINGTON, DC (May 23, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Ann Kossachev, in a letter to the Consumer Financial Protection Bureau (CFPB) today regarding the bureau's evaluation of its remittance rule, cited significant compliance burdens and urged more guidance. ...

NAFCU to CFPB: Clarity – not rules – Needed on ‘Alternative Data’ use

WASHINGTON, DC (May 19, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Senior Regulatory Affairs Counsel Michael Emancipator, writing to the Consumer Financial Protection Bureau (CPFB) on its request for information regarding use of alternative data and modeling techniques in the credit process, urged ...

NAFCU supports benefits of SBA’s 7(a) loan program to house panel

WASHINGTON, DC (May 17, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler touted the Small Business Administration's 7(a) loan program in a letter today to the House Small Business Committee, which holds a hearing tomorrow on ...

NAFCU Letter to CFPB re: Small Business Lending

WASHINGTON, DC (May 10, 2017) — NAFCU Regulatory Affairs Counsel wrote to the Consumer Financial Protection Beureau (CFPB) urging the bureau to exempt the credit union industry from any future rulemaking that would require further disclosure of business loan information. "Credit unions serve distinct fields ...

Taylor, Weickenand reelected to NAFCU Board

WASHINGTON, DC (May 5, 2017) — Rod Taylor, president and CEO of Barksdale Federal Credit Union (Bossier City, La.), and Daniel Weickenand, CEO of Orion Federal Credit Union (Memphis, Tenn.), won reelection to at-large seats on the National Association of Federally-Insured Credit Unions (NAFCU) Board ...

NAFCU Chief Economist Curt Long statement on April jobs report

WASHINGTON, DC (May 5, 2017) — National Association of Federally-Insured Credit Unions  (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department’s April employment report, released this morning. "The April jobs report showed mixed results, as strong job growth ...