The Federal Housing Finance Agency (FHFA) Monday announced the establishment of the Office of Financial Technology, which will serve as a source of information to support the FHFA in assessing risks of emerging fintechs. NAFCU [...]
This week, both the House and Senate are in session and NAFCU will remain engaged with lawmakers on the industry’s top priorities. Hearings of note this week include: tomorrow, at 2:00 p.m. [...]
On June 29, the Consumer Financial Protection Bureau (CFPB) released an advisory opinion reaffirming its position that pay-to-pay or “convenience” fees are prohibited by section 808(1) of the Fair Debt Collection Practices Act (FDCPA) [...]
The NAFCU Credit Union Policy Podcast (CUPP), which launched in early July, will have recently sworn in NCUA Chairman Todd Harper as a special guest in next week’s episode to discuss diversity, equity, and [...]
With constant exposure to all forms of information nowadays, it’s easy to become negative or jaded to the world around us. I’ve learned over the years that only we can control our thoughts [...]
Over the past several years, the natural evolution of the banking industry has led to consolidation among many financial institutions. Given the current trajectory of our economy, this is something that likely won’t change [...]
On a seasonally-adjusted basis, overall consumer prices rose 1.3 percent in June, with the Bureau of Labor Statistics reporting that the overall consumer price index (CPI) grew by 9 percent year-over-year. NAFCU Chief Economist [...]
NAFCU Tuesday announced its 2022-2023 Board of Directors during its Annual Business Meeting at the association's headquarters in Arlington, Va. Gary Grinnell, President and CEO of Corning Credit Union, has been elected as NAFCU's board [...]
As NAFCU reported last week, on July 7th the CFPB published an advisory opinion regarding “Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports.” The CFPB also released this press release about [...]
NAFCU Senior Vice President of Government Affairs Greg Mesack Monday wrote to the House Rules Committee to voice the association’s priorities and concerns regarding the fiscal year 2023 National Defense Authorization Act (NDAA) as [...]
Members of Congress return to Washington this week where they will hold multiple hearings of interest to the credit union industry. The House is also scheduled to consider the FY 2023 National Defense Authorization Act [...]
When it comes to money laundering (ML) and terrorist financing (TF) risk, potential members are not created equally. In fact, there are certain professions or businesses that have been identified by federal regulators as possibly [...]
The CFPB Thursday issued an advisory opinion (AO) to ensure that credit reporting agencies (CRAs) and furnishers that use and share credit and background reports have a “permissible purpose” under the Fair Credit Report Act ([...]
As leaders, it can become easy to stick to a routine because it seems comfortable. But, have you ever thought about pressing the ‘reset’ button on your day-to-day life and setting some out-of-the-ordinary goals for [...]
The Federal Open Market Committee (FOMC) Wednesday released minutes from its June meeting that revealed participants agreed that the economic outlook warranted moving to a restrictive stance of policy, and they recognized the possibility that [...]
