In the latest insight post on NAFCU’s Compliance, Risk, & BSA Network, NAFCU Senior Regulatory Affairs Counsel Kaley Schafer reviews how the imposed sanctions against Russia will impact credit unions. Russia early Thursday morning [...]
On Tuesday, February 22, 2022, NCUA issued Letter to Credit Unions, 22-CU-03 regarding special purpose credit programs. The letter informed credit unions of the release of an interagency statement on special purpose programs. The purpose [...]
New-home sales fell 4.5 percent in January to 801,000 annualized units, while December saw an upward revision of 28,000 units. Compared to last year, January sales were 19.3 percent lower. NAFCU [...]
Earlier this week, the National Credit Union Administration (NCUA) issued a letter to credit unions, 22-CU-04, about the Equal Credit Opportunity Act (ECOA). The letter reminded federally insured credit unions that ECOA prohibits credit unions [...]
As leaders in the 21st century, adapting to change becomes a daily feat. Although it is safe to stick to old routines, opening your organization to new changes provides immense opportunities for the future. A [...]
NAFCU's latest Economic & CU Monitor – now available for download – examines several topics, including economic returns from January, overdraft programs, Regulation E compliance, token errors, and more. According to the ECU Monitor, a major concern [...]
NAFCU, along with several other organizations, Tuesday filed an amicus brief with the United States Court of Appeals for the Ninth Circuit arguing that the CFPB’s hard line interpretation of the phrase “permitted by [...]
Do you have 99 problems and an open-end credit account is one of them? We have previously blogged about limitation of services, but what happens when you want to terminate or freeze open-end credit accounts? [...]
Senate and House lawmakers are in their home states and districts this week after sending President Joe Biden a continuing resolution to fund the government on Thursday. The President signed the legislation ahead of the [...]
A friend and fellow classmate of mine from Harvard, Donald Tighe, sent me this thought-provoking article from the Wall Street Journal on how Harvard’s Business School and other leading Master of Business Administration (MBA) [...]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and [...]
For credit union compliance professionals, February means that the annual Home Mortgage Disclosure Act (HMDA) reporting deadline is approaching. As we creep closer to the reporting deadline, the NAFCU compliance team often receives questions regarding [...]
Total retail sales rose by 3.8 percent in January, following a decline of 2.5 percent in December and a 0.7 percent increase in November. NAFCU Chief Economist and Vice President of Research [...]
The Federal Open Market Committee (FOMC) Wednesday released minutes from its January meeting which revealed most participants believe it would be appropriate for the committee to remove policy accommodation at a faster pace than they [...]
Senate Banking Committee Chairman Sherrod Brown, D-Ohio, Tuesday announced a delay of panel votes on the Federal Reserve nominations for Jerome Powell to serve as Chair of the Federal Reserve and Sarah Bloom Raskin, former [...]
