NAFCU Press Archives

NAFCU letter supporting updates to the NIST cybersecurity framework

WASHINGTON, DC (April 10, 2017) —   April 7, 2017 Edwin Games National Institute of Standards and Technology 100 Bureau Drive, Stop 8930 Gaithersburg, MD 20899 RE:     Proposed Update to the Framework for Improving Critical Infrastructure Cybersecurity On behalf of the National Association of Federally-Insured ...

NAFCUs 2017 Spring Regulatory Compliance School kicks off

WASHINGTON, DC (April 10, 2017) — Credit union professionals from across the country are gathering today at the Crystal Gateway Marriott in Arlington, Va., to kick off the National Association of Federally-Insured Credit Unions (NAFCU) 2017 Spring Regulatory Compliance School. Attendees will learn about the ...

NAFCU Chief Economist Curt Long statement on March jobs report

WASHINGTON, DC (April 7, 2017) — National Association of Federally-Insured Credit Unions  (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department’s March employment report, released this morning. "The March employment report disappointed with the fewest jobs added since ...

NAFCU letter on the credit union regulatory burden

WASHINGTON, DC (April 6, 2017) —   The Honorable Blaine Luetkemeyer Chairman Subcommittee on Financial Institutions and Consumer Credit House Financial Services Committee United States House of Representatives Washington, D.C. 20515 The Honorable Wm. Lacy Clay Ranking Member Subcommittee on Financial Institutions  and Consumer ...

NAFCU letter on the CFPB’s prepaid rule delay

WASHINGTON, DC (April 5, 2017) — Good afternoon, Below please find NAFCU Regulatory Affairs Counsel Andrew Morris' letter to the CFPB to urge the bureau to extend the proposed six-month delay of its prepaid account rule or rescind the rule to reevaluate its economic impact ...

NAFCU hails introduction of Senate bill for credit union member business lending

WASHINGTON, DC (April 5, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today praised Sen. Ron Wyden, D-Ore., and cosponsors Lisa Murkowski, R-Alaska, Elizabeth Warren, D-Mass., and Ed Markey, D-Mass., for their leadership in seeking relief for credit unions ...

NAFCU letter to lawmakers on CFPB regulatory burden

WASHINGTON, DC (April 5, 2017) —   Good afternoon, Below please find NAFCU Vice President of Legislative Affairs Brad Thaler's letter to leaders of the House Finanical Services Committee regarding the importance of regulatory relief for credit unions from CFPB rules. "The impact of this ...

NAFCU comment letter to DoD re: MLA

WASHINGTON, DC (March 22, 2017) — Good afternoon, Below please find NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt's letter to the Department of Defense requesting the department to extend the MLA's limited exemption for credit card accounts. In the letter, ...

NAFCU March Economic & CU Monitor on Housing

WASHINGTON, DC (March 22, 2017) —   Good afternoon, Attached is NAFCU’s March Economic & CU Monitor, which includes an “Industry and Economic Briefing” overview from NAFCU Chief Economist and Director of Research Curt Long, who is available for interview. The March Monitor features ...

NAFCU on de novo credit unions: Regulatory relief is needed

WASHINGTON, DC (March 21, 2017) — Keith Stone, president and CEO of The Finest Federal Credit Union (New York, N.Y.), will testify today on behalf of the National Association of Federally-Insured Credit Unions before the House Financial Services Subcommittee on Financial Institutions and Consumer ...

NAFCU comment letter to FHFA regarding chattel loans pilot program

WASHINGTON, DC (March 20, 2017) —   March 20, 2017 Federal Housing Finance Agency Office of General Counsel 400 7th St., SW, Eighth Floor Washington, D.C. 20219 RE: Chattel Pilot Request for Input Dear Sir/Madam: On behalf of the National Association of Federally-Insured ...