Federal Reserve Chairman Jerome Powell Tuesday testified before the Senate Banking Committee as part of his nomination process to serve a second term as Chairman of the Federal Reserve Board. Several Republican leaders discussed inflation [...]
Last week, we blogged about FinCEN’s “New Year’s Resolutions,” as laid out in the Fall 2021 Rulemaking Agendas they published in December. Today we’ll take a look at the agenda of another [...]
As NAFCU moves forward with its 2022 advocacy priorities, NAFCU President and CEO Dan Berger Monday sent several key federal agencies and administration officials an outline of the priorities and issues the association and credit [...]
The Treasury Department announced Friday that it will allocate more than $1.1 billion in Emergency Rental Assistance (ERA) funds to states and cities that spent the first round of aid quickly due to the [...]
Every so often, we get questions about various training requirements found in the rules and regulations affecting credit unions. We have written about this topic in the past (member only), but a new year always [...]
Following a year of unwavering advocacy and fighting for the success of the credit union industry, NAFCU has launched its 2022 legislative and regulatory priorities which aim to achieve an operating environment where credit unions – [...]
On December 16, 2021, the National Credit Union Administration (NCUA) issued Letter to Credit Unions 21-CU-16 (letter) to provide guidance regarding the authority of federal credit unions to connect digital asset service providers with federal [...]
Happy New Year! January marks a time for new beginnings; and for the first blog post of 2022, let’s review the tools that we, as leaders, can use to stay prepared for anything that [...]
The Federal Housing Finance Agency (FHFA) Wednesday announced a targeted increase to the government-sponsored enterprises' (GSEs) – Fannie Mae and Freddie Mac – upfront fees for certain high balance and second home loans. The increases go into [...]
Members of NAFCU staff Tuesday met with the CFPB to discuss the Compliance Management System Information Technology (CMS-IT) exams. The exam procedures were published by the CFPB in September and provided an overview of the [...]
In preparation for authoring a new book, I have spent the last several months interviewing top CEOs from around the world. As I stepped back and looked across the hundreds of pages of notes, a [...]
Your credit union's compliance knowledge is strong. Now take your team's compliance skills to an even more elite level in 2022. NAFCU's powerful conferences and online training will help you do just that. By taking [...]
NAFCU Senior Regulatory Affairs Counsel Kaley Schafer Monday sent a letter to the CFPB in response to the bureau’s strategic plan for fiscal year 2022-2026. The CFPB first issued its proposed strategic plan in [...]
With Senator Joe Manchin’s (D-WV) announcement that he cannot support the budget reconciliation package – the Build Back Better Act (BBBA) and Senate’s decision last month to push any further work on it into [...]
A closely-divided Congress and a midterm election combine for a great deal of uncertainty in 2022 in terms of legislative and regulatory activities, but there are a number of issues that credit union leaders should [...]
