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While you’re taking care of your credit union’s members, NAFCU is taking care of you. That’s the NAFCU difference. We’re passionate about helping you serve as many members as possible so [...]
NAFCU News Archives
NAFCU fights back against Sens. Durbin and Marshall effort to attach NAFCU-opposed interchange bill to NDAA
NAFCU joined with a group of other financial services trade groups yesterday in a letter to Congress, urging lawmakers to reject the latest effort of Senators Dick Durbin, D-Ill., and Roger Marshall, R-Kan., to attach [...]
The CUPP | Episode 6: Climate change fears – assessing risk in the housing market
Join this sit down with Dan Coates, Deputy Director for the Division of Research and Statistics at the Federal Housing Finance Agency (FHFA), the regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan [...]
Fed rate policy poised to become more contentious by mid-2023 says NAFCU Chief Economist
Last week, Federal Reserve Vice Chair Lael Brainard spoke at a Fed-organized research conference at the Federal Reserve Bank of New York. In the speech, Vice Chair Brainard suggested she wants to slow down rate [...]
Breaking down NCUA’s CUGMA proposal
Earlier this year, we blogged about the Credit Union Governance Modernization Act (CUGMA), which was signed into law in March. As our previous blog discussed, CUGMA amended the Federal Credit Union Act to make it [...]
This week: Congress avoids shutdown; NAFCU continues to fight for CU priorities
This week, NAFCU will continue to fight for industry priorities, most notably through fierce opposition of the House and Senate versions of the Credit Card Competition Act. Credit unions are encouraged to keep up the [...]
Managers or leaders? Be both
Ever heard of the common debate between leaders and managers? While the two roles require different skillsets, it’s important that as executives, we can utilize both as we lead those in our organizations. In [...]
Berger writes to Fed’s Bowman on competition
NAFCU President and CEO Dan Berger wrote to Federal Reserve Board Governor Michelle Bowman regarding her Wednesday speech discussing competition in financial services. In the letter, Berger highlighted that “NAFCU wholeheartedly agrees that credit unions [...]
Lawsuit against CFPB challenges UDAAP policy, funding structure
Wednesday, a complaint led by the U.S. Chamber of Commerce was filed against the CFPB and Director Rohit Chopra challenging the bureau’s March 2022 update to the Unfair, Deceptive, or Abusive Acts and [...]
New home sales surge in August
New home sales rose at an accelerated rate of 28.8 percent in August to 685,000 annualized units. Sales in July were revised up 21,000 units. Compared to last year, August sales were [...]
NAFCU writes to NCUA on proposed cyber incident reporting rule
NAFCU Senior Counsel for Research and Policy Andrew Morris wrote to the NCUA to offer recommendations on the agency’s proposed rule establishing a 72-hour period for credit unions to provide notice of a reportable [...]
NAFCU, trades warn Congressional leaders on risks surrounding House interchange bill
On Thursday, NAFCU joined the American Bankers Association, the Consumer Bankers Association, the Credit Union National Association, the Electronic Payments Coalition, and the Independent Community Bankers of America in a letter to House Financial Services [...]
CFPB issues RFI on products to encourage opportunities for homeowners
The CFPB issued a request for information (RFI) Thursday stating the bureau is “asking for public input on ways to spur new mortgage products that help households.” The CFPB is asking for information on innovative [...]
How to deal with fear in the workplace
Fear is inevitable. Everyone has particular exchanges in life that are individually frightening for different reasons. As leaders in the workplace, it’s important to identify our own fears and discomforts, and utilize them as [...]
Biden Administration announces over $8 billion in investments for CDFIs, MDIs
Vice President Kamala Harris and Treasury Secretary Janet Yellen, along with House Financial Services Committee Chairwoman Maxine Waters, D-Calif., and Senator Mark Warner, D-Va., on Wednesday announced that the Biden-Harris Administration has made $8.28 [...]