President Joe Biden Monday released a statement on domestic cybersecurity to elevate his previous warning about the potential for Russia to conduct cyberattacks on the U.S. The statement explained that the enhanced warning comes [...]
The NCUA sent a Letter to Credit Unions Friday discussing the agency’s final rule that modernizes the definition of “service facility” in the Chartering and Field of Membership Manual, which became effective Dec. 27, [...]
On March 15, 2022, President Biden signed a large omnibus spending package into law. Included within that Omnibus bill was a legislative change that Federal Credit Unions (FCUs) have requested for a long time – the [...]
The House Thursday passed the Forced Arbitration Injustice Repeal Act (FAIR) which bans arbitration provisions in private contracts, in a 222-209 vote. NAFCU and other industry trades opposed the bill in a joint letter to [...]
Successful leaders need to build a level of trust to effectively lead an organization. This foundational trust helps create a level of influence over employees that is both healthy and liberating. In a recent Forbes [...]
The Senate Banking Committee Wednesday approved the nomination of Jerome Powell to serve a second term as Chair of the Federal Reserve (Fed); the nomination was cleared by a 23-1 vote. Powell was reappointed to [...]
Hello compliance land, this is my first “official” compliance blog since joining NAFCU’s compliance team last week. For the past few years, I have worked on the Regulatory Affairs side and have previously blogged [...]
Today, NAFCU’s 2022 board election cycle opens with several director positions available. NAFCU's regional board positions reflect the NCUA's restructuring of its regional offices. An email to NAFCU members today will include information on [...]
In October of 2021, the NCUA approved a final rule adding a new component to the CAMEL Rating System: ‘S’ for Sensitivity to Market Risk. In March of 2022, NCUA issued Letter to Credit Unions [...]
President Joe Biden signed the massive 1.5 trillion omnibus spending package to fully fund the federal government into law Tuesday. Of note, the package includes the NAFCU-sought Credit Union Governance Modernization Act (CUGMA), which [...]
Join us in beautiful Key West May 11-13 at NAFCU’s CEOs and Senior Executives Conference. You’ll connect with top executives from across the country to exchange ideas and solve shared challenges. Content-packed sessions [...]
NAFCU Regulatory Affairs Counsel Aminah Moore wrote to the Federal Housing Finance Agency (FHFA) Friday in response to its draft strategic plan for fiscal years 2022-2026, commending the agency on its commitment to promoting sustainable [...]
The bylaws are generally clear on what to do in the event of a board of director vacancy before the annual meeting occurs. Under the current model bylaws and the Federal Credit Union Act, the [...]
As the past few years continue to reshape the nation’s “normal,” some communities are still feeling disproportionate impacts of the pandemic. Because credit unions were created to help working-class Americans have access to safe [...]
NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the House Financial Services Committee Thursday to express support for the Expanding Access for Underserved Communities Act, which would make changes to the Federal Credit [...]
