As Congress pursues additional coronavirus relief measures, the House Financial Services Committee tomorrow is set to markup its portion of the next coronavirus relief bill with provisions to support workers, homeowners and renters, and more. [...]
The Virginia House and Senate have passed legislation to establish a consumer data protection law in the state, though, unlike the California Consumer Privacy Act (CCPA), the Virginia bill includes language to exclude entities that [...]
I learned so much about the month of February this past week. First, it can (and did) snow in February. Second, when it snows, it’s a lot less playing in the snow and a [...]
The House Small Business Committee Thursday held a hearing to discuss the state of the small business economy amid the coronavirus pandemic. Ahead of the hearing, NAFCU shared how credit unions have stepped up to [...]
As we work to continue to lead our organizations amid a challenging time, it can be hard not to dwell on things that have gone wrong or perceive any failures as a result of our [...]
Ahead of today's House Financial Services Committee hearing to discuss the response to the coronavirus pandemic and ensure consumers have the resources and relief needed to recover from inflicted financial difficulties, NAFCU's Brad Thaler highlighted [...]
NAFCU is defending the credit union industry as bank lobbyists continue their attacks on credit unions and the industry's tax-exempt status. "For decades, credit unions have stood as pillars in their local communities and have [...]
Last week, the Federal Reserve System published the latest edition of the Consumer Compliance Outlook. This issue includes an article entitled HMDA Data Collection and Reporting: Keys to an Effective Program, which outlines, among other [...]
The Federal Reserve's fourth-quarter senior loan officer opinion survey (SLOOS) revealed that banks expect to ease lending standards this year, following a year-long trend of tightening due to the economic effects of the coronavirus pandemic. "[...]
The NCUA in January issued two prohibition notices, prohibiting individuals previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution. Violation of a prohibition order is a felony [...]
The regulatory agencies are back with yet another noteworthy development relating to Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance. This time, the development comes in the form of a Frequently Asked Questions (FAQ) [...]
According to the Commerce Department's initial estimate of 2020 fourth quarter economic growth, the U.S. economy grew 4 percent, but real GDP declined 3.5 percent over the year due largely to the coronavirus [...]
Culture is the foundation of a company's success. It's how you attract and retain talent. It's how you live up to your members'/customers' expectations. It thrives when leaders embody its characteristics and lead by [...]
The Federal Open Market Committee (FOMC) voted via videoconference Wednesday to maintain the federal funds target rate at its current range of 0 to 0.25 percent as the economy works to recover from the [...]
The Small Business Administration (SBA) Tuesday issued a press releaseoutlining steps the agency is taking to improve the first-draw paycheck protection program (PPP) loan process. The SBA indicated it will host a national call to [...]
