NAFCU Press Archives

NCUA to move forward with second NAFCU-sought FOM proposal

WASHINGTON, DC (June 14, 2018) — The NCUA today released its agenda for next week's open board meeting that includes a final rule to further reform field-of-membership (FOM) rules and a final voluntary mergers rule. NAFCU has pushed NCUA's efforts to modernize FOM in order ...

NAFCU urges support of BSA-relief bill provision ahead of HFSC mark-up

WASHINGTON, DC (June 14, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler today sent a letter to the House Financial Services Committee urging the committee to support the Counter Terrorism and Illicit Finance Act (H.R. 6068) ...

NAFCU offers ‘autodialer’ definition to FCC, urges relief for CUs under TCPA

WASHINGTON, DC (June 14, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) Senior Regulatory Affairs Counsel Ann Kossachev today sent a letter to the Federal Communications Commission (FCC), arguing that equipment qualifies as an Automatic Telephone Dialing System (ATDS) only if "it has the ...

NAFCU highlights concerns over FHFA’s affordable housing program

WASHINGTON, DC (June 13, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) Senior Regulatory Affairs Counsel Ann Kossachev today sent a letter to the Federal Housing Finance Agency (FHFA), expressing concerns about the agency's proposed rule to amend regulations related to the Federal Home ...

NAFCU urges support of RBC-delay provision ahead of house approps mark-up

WASHINGTON, DC (June 13, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler today sent a letter to the House Appropriations Committee urging the committee to support a provision in the Financial Services and General Government appropriation's bill ...

NAFCU, others offer support bill to streamline CFPB’s guidance

WASHINGTON, DC (June 12, 2018) — The National Association of Federally-Insured Credit Unions (NAFCU), along with more than a dozen other financial services industry trade groups, offered support for legislation that would require the CFPB to issue timely guidance on its rules in order to ...

NAFCU applauds another win for credit unions over ADA

WASHINGTON, DC (June 11, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to another win for credit unions facing litigation over unclear website requirements under the Americans with Disabilities Act (ADA). A federal ...

NAFCU responds to CFPB announcement of changes to councils

WASHINGTON, DC (June 6, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt issued the following statement in response to CFPB Acting Director Mick Mulvaney's announcement regarding the reorganization of the bureau's councils and ...

NAFCU stands by NCUA as bankers cross-appeal FOM ruling

WASHINGTON, DC (June 6, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement responding to the American Bankers Association (ABA) decision to file a cross appeal to the U.S. District Court for the District of ...

NAFCU to House Panel: CUs Should be Exempt from CFPB Authority

WASHINGTON, DC (June 5, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt today sent a letter to House Financial Services Committee, Subcommittee on Financial Institutions and Consumer Credit Chairman Blaine Luetkemeyer, R-Mo., and ...

NAFCU calls on CFPB to stop publishing unverified complaints

WASHINGTON, DC (June 5, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Kaley Schafer today sent a letter to the Consumer Financial Protection Bureau (CFPB) urging the bureau to stop publishing unconfirmed information on its website and allow financial institutions to ...

NAFCU applauds NCUA for MBL improvements, reg relief for CUs

WASHINGTON, DC (June 1, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the NCUA Board's approval of a final rule to amend its definition of a member business loan. The rule conforms the definition ...

NAFCU to NCUA: Increase interest rate ceiling

WASHINGTON, DC (June 1, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today sent a letter to the National Credit Union Administration (NCUA) urging the agency to consider the potential benefits of increasing the interest rate ceiling before it ...

NAFCU calls on CFPB to make CUAC meetings permanent

WASHINGTON, DC (May 29, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Andrew Morris today sent a letter to the Consumer Financial Protection Bureau (CFPB) encouraging the bureau to continue meeting with credit unions through its Credit Union Advisory Council (CUAC) ...