The NCUA during its October meeting issued a final rule to add an “S” component to the CAMEL rating system, which rates a credit union’s sensitivity to the market. The final rule also redefines [...]
"Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.” – Stephen R. Covey While author, educator and businessman Stephen R. Covey clearly points out the [...]
In a joint letter to President Joe Biden, Treasury Secretary Janet Yellen, Senate Majority Leader Chuck Schumer, D-N.Y., and Speaker of the House Speaker Nancy Pelosi, D-Calif., NAFCU and several associations representing cooperative businesses [...]
In a letter to Treasury Secretary Janet Yellen, NAFCU President and CEO Dan Berger provided input on the Treasury Department’s strategic plan for 2022-2026. Berger offered several recommendations in response to the plan, specifically [...]
Over the past several months, the Department of Justice (DOJ) and federal regulators have hit two national banks with complaints alleging fair lending violations. The banks are alleged to have engaged in redlining practices with [...]
President Joe Biden and Congressional leaders on Thursday outlined a new reconciliation package framework and released draft bill text that backs away the NAFCU-opposed provision requiring financial institutions to report all account inflow and outflow [...]
If your credit union issues credit cards, you may be familiar with Regulation Z, section 1026.57 and section 1026.58. Section 1026.57 requires a credit union that was a party to at least [...]
As human beings, we are hit with decisions each day; big and small. As leaders, certain decisions we make may have more impact due to the weight they carry on others. It’s important to [...]
CFPB Director Rohit Chopra appeared before the House Financial Services Committee Wednesday during a hearing to conduct a semi-annual review of the CFPB. Chopra discussed his three main priorities as director of the Bureau and [...]
The NAFCU compliance team has blogged about the London Interbank Offered Rate (LIBOR) several times over the past couple of years. That is because of the imminent end of publishing of the LIBOR benchmarks. There [...]
In a recent event for The Economic Club of Washington D.C., Sen. Joe Manchin, D-W.Va, Tuesday criticized the proposed IRS reporting proposal being floated in Congress. Manchin voiced his objection against the proposal [...]
As part of an ongoing effort to call on the Administration to reject the proposed IRS reporting requirement, NAFCU on Monday joined a joint trades letter to President Biden calling for a withdrawal of the [...]
Friday, House Financial Services Committee Ranking Member Patrick McHenry, R-N.C. and House Oversight and Government Reform Committee Ranking Member James Comer, R-Ky., wrote to United States Postal Service Postmaster General Louis Dejoy expressing their [...]
It’s officially spooky season! It gets dark earlier in the day, the moon was full last night, scary movies are all the rage, and all sorts of creepy crawly costumed creatures will soon be [...]
House Financial Services Committee Member Rep. Tom Emmer, R-Minn. and 201 Members of Congress yesterday wrote to Treasury Secretary Janet Yellen expressing concerns associated with the proposed threshold increase from $600 to $10,000 or [...]
