Stop the January work slump cycle
The new year is now in full swing. Activity is picking up at organizations as they execute their 2023 plans, with leaders at the forefront of this acceleration. However, studies have found that January is [...]
NAFCU News Archives
NCUA details 2023 operating fee schedule
The NCUA yesterday published a Letter to Credit Unions regarding operating fees for 2023. In the letter, the agency announced an average 1.8 percent decrease in federal credit union operating fees in 2023. The [...]
CFPB seeks input on trends in consumer credit card market
The CFPB Tuesday issued a request for information for its biennial report on the state of the consumer credit card market. Relatedly, the bureau is expected to release a proposed rulemaking this month addressing credit [...]
CFPB enforcement action against Wells Fargo orders billions in redress and civil money penalty
Happy Wednesday, compliance pals! I just returned from a long-weekend conference in New Orleans, and I feel a bit carb-loaded from all of the amazing food, but especially the beignets. Now that I’m back [...]
NAFCU’s Tetreau shares Reg E insights
At the American Bar Association’s Consumer Financial Services Committee meeting, which concludes today, NAFCU Senior Regulatory Compliance Counsel Rebecca Tetreau provided insights on Regulation E during one of the event’s sessions. Tetreau has [...]
A seat at the table
In a divided Congress – with slim majorities, no less – finding issues with bipartisan support that lawmakers from both sides of the aisle can get behind will be important to pass any legislation. For credit unions, [...]
Existing home sales see 11th straight month of decline
Existing home sales declined 1.5 percent in December to a seasonally-adjusted annualized rate of 4 million units, marking the 11th straight month of declining sales and a 34 percent decrease in sales compared to [...]
NCUA releases 2023 supervisory priorities
While the new year brings with it resolutions and new beginnings, NCUA started its new year establishing its 2023 Supervisory Priorities (Priorities). NCUA introduces these supervisory priorities in the Letter to Credit Unions 23-CU-01, identifying [...]
Sens. express concerns about CDFI Fund in letter to Yellen
Sens. Mark Warner, D-Va., and Mike Crapo, R-Idaho, wrote to Treasury Secretary Janet Yellen Thursday to voice concerns that the Community Development Financial Institutions (CDFI) Fund is not considering stakeholder feedback as they update the [...]
Preparing for a recession? 5 things to consider
While signals are mixed regarding whether the U.S. economy will fall into a recession, many economists are in agreement that a significant downturn is likely. A recent article by Ed O’Boyle from Gallup [...]
NAFCU’s Berger, NCUA’s Harper discuss ways to bolster CU success
NAFCU President and CEO Dan Berger met with NCUA Chairman Todd Harper Wednesday at the agency’s headquarters in Alexandria, Va., to discuss credit union priorities, including several of NAFCU’s recent requests to the [...]
The CUPP | Episode 11: Interchange legislation and market competition with Professor Todd Zywicki
Join Professor Todd Zywicki for a discussion of the history of the Durbin Amendment to the Dodd-Frank Act, which established the interchange price caps, the recent Credit Card Competition Act, and an overview of the [...]
NAFCU writes to Fed on guidelines for evaluating account, services requests
NAFCU Senior Counsel for Research and Policy Andrew Morris wrote to the Federal Reserve Tuesday to reiterate the association’s support for its proposal to publicly disclose which depository institutions have access to Reserve Bank [...]
Is one of your members a California resident?
Do any of your members take the 405 to Santa Monica and then, when they see the Jack in the Box, take a left onto Lincoln in order to get to Bay Cities Italian Deli [...]
NAFCU meets with NCUA ONES director, staff
NAFCU Senior Vice President of Government Affairs Greg Mesack Friday met with NCUA Office of National Examination and Supervision (ONES) Director Scott Hunt to share credit union priorities. NAFCU Vice President of Regulatory Affairs Ann [...]