The financial industry has seen a huge boom in technological advancements throughout the years as consumer needs have evolved. Today, financial institutions are embracing new innovations like mobile banking and electronic payments, with some even [...]
NAFCU Vice President of Regulatory Affairs Ann Kossachev last Friday wrote to the NCUA regarding its draft 2022-2026 strategic plan, which was approved by the NCUA Board in November of last year. Kossachev called on [...]
We’re definitely cruising through January, with only one week left of the first month of 2022. It’s been a busy month, both personally and professionally. On a personal note, my husband and I [...]
The Federal Reserve Thursday released a public discussion paper examining the pros and cons of a potential U.S. central bank digital currency (CBDC). Of note, the paper invites comment from the public on the [...]
The Consumer Financial Protection Bureau (CFPB) completed a final rule (rule) that will help the financial services industry transition from the London Interbank Offered Rate (LIBOR) for consumer credit products. The rule helps credit unions [...]
In general, being a leader takes great responsibility. Sometimes, responsibility can bring many challenges along with it. Complicated situations can arise when leading others, and it can become overwhelming to navigate how to make situations [...]
The nomination of current NCUA Board Chairman Todd Harper to serve a full term on the NCUA Board was advanced to the full Senate by the Senate Banking Committee in a 17-7 bipartisan vote while [...]
NAFCU's Regulatory Committee met Tuesday and discussed several proposals open for comment from federal financial regulators, including the NCUA, CFPB, and Financial Crimes Enforcement Network (FinCEN). The group first reviewed the NCUA's notice and request [...]
I hope everyone’s new year is still going well, and I hope you are all on track to meet your new year’s resolutions. For their upcoming resolutions, on January 18, 2022, NCUA issued [...]
Total retail sales fell by 1.9 percent in December, following gains of 0.2 percent in November and 1.8 percent in October. NAFCU Chief Economist and Vice President of Research Curt Long analyzed [...]
NAFCU joined with other trade associations Thursday calling for Congress to pass comprehensive privacy legislation that protects all Americans equally. “It has been 1,285 days since the California Consumer Privacy Act, America’s first [...]
Yesterday, the Unites States Supreme Court granted the emergency relief requested in National Federation of Independent Business v. Occupational Safety and Health Administration (OSHA). That is a case challenging OSHA’s emergency temporary standard (ETS) [...]
As leaders, and as people, it’s important to recognize our true purpose in this world. As the coronavirus pandemic and its effects trudge toward a third year, it can be easy to become a [...]
NAFCU Vice President of Regulatory Affairs Ann Kossachev wrote to the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) Wednesday requesting enhanced transparency and communication on pending applications for credit unions seeking CDFI certification. “[...]
Attend the credit union growth event of the year March 21-23 in Greenville, SC at NAFCU’s Strategic Growth Conference to discover innovative solutions and strategies to drive growth and stay ahead of your competition. [...]
