January marked 12 consecutive months of declining existing home sales as sales fell 0.7 percent during the month to a seasonally adjusted annual rate of 4 million units, representing a 38.4 percent decrease [...]
On February 16, 2023 the NCUA issued its final rule on cyber incident notification requirements for federally insured credit unions. Compliance teams may not be feeling the pinch, but IT teams might need a hug, [...]
The NCUA will host a Credit Union Capital Markets Symposium Apr. 11 at the New York Stock Exchange to share insights from top lawmakers and experts on industry hot topics including liquidity risks, the current [...]
You hunger to make your credit union the best that it can be. It can be a challenge. There’s a lot of competition. Rising interest rates. Talks of a recession. Is there a secret [...]
The NCUA held its February board meeting yesterday and unanimously approved a proposed rule that would reform several NCUA field of membership (FOM) requirements and definitions. The proposal includes a NAFCU-requested change to expand membership [...]
For years, studies revealed that constructive feedback is critical to the successful evolution of professionals in every industry. However, researchers have found that although we recognize the usefulness of feedback, it can sometimes be difficult [...]
NAFCU President and CEO Dan Berger Wednesday held a meeting with NCUA Board Member Rodney Hood to discuss multiple topics of interest to credit unions ahead of the agency’s board meeting today. NAFCU Senior [...]
Yesterday, President Joe Biden announced staff changes for the White House’s top economic policy team. Federal Reserve Vice Chair Lael Brainard will resign from her post next week to lead the President’s National [...]
Hello everyone! My name is Judy Dahn, and I started working for NAFCU at the beginning of this year. I work remotely from Michigan and I am excited to bring to you my first blog [...]
Ahead of today’s Senate Banking Committee hearing on financial safeguards for digital assets, NAFCU Vice President of Legislative Affairs Brad Thaler stressed the need for a clear regulatory framework for cryptocurrency and other financial [...]
NAFCU, along with other financial services industry trade groups, wrote to the Federal Reserve Friday urging the agency to delay the effective date of its final rule that requires debit card issuers to enable and [...]
In an early February NCUA issued Letter to Credit Unions 23-CU-02, outlining risk factors linked to credit union service organizations (CUSOs) originating business, consumer mortgage, student, and credit card loans. NCUA emphasizes that a credit [...]
The NCUA Board meets next week and is set to finalize the rule related to cyber incident notification requirements. NAFCU offered recommendations on the proposed rule to improve clarity and reduce regulatory overlap. The proposed [...]
Everyone knows the phrase, “it’s just business, nothing personal.” As I’ve learned through the years, this simply isn’t true. Business is personal. In an article by Donda Mullis on Fast Company, she [...]
Total consumer credit rose 2.9 percent at a seasonally adjusted, annualized rate in December and is up 7.8 percent compared to a year ago. Revolving credit – primarily credit cards – rose 7.3 percent [...]
