Following Senate passage earlier this week, the House today passed the Phase 3 coronavirus relief package – the CARES Act – which includes several provisions for which NAFCU had advocated. The president is expected to sign it. [...]
Globally, we are facing a challenge right now with the coronavirus pandemic. Every day, there is more and more news about the impacts the virus is having on our health care system, economy, and communities. [...]
NAFCU continues to receive questions from credit unions as they navigate the challenges posed by COVID-19 and work to help their members who are adversely impacted. One common question is to what extent loan modifications [...]
NAFCU President and CEO Dan Berger Wednesday urged the NCUA to grant credit unions "additional capital flexibility to address the economic crisis" and provide parity with banks in light of the coronavirus outbreak. Berger specifically [...]
The Fifth Circuit Court of Appeals last week reversed its decision regarding the CFPB's constitutionality, reopening the case CFPB v. All American Check Cashing and granting a rehearing en banc. The Fifth Circuit had previously [...]
Regulatory violations result in costly fines and civil penalties. Financial Institutions, as well as Individual financial institution employees (including credit union employees) can be subject to these penalties. Last year, I wrote about the most [...]
Yesterday, the Federal Reserve announced a new stabilization package and committed to using the full range of its authorities aimed toward supporting the economy during the coronavirus pandemic. Included in these actions is a plan [...]
The National Association of Federally-Insured Credit Unions (NAFCU) recognized Visions Federal Credit Union’s Director of Government Affairs Patricia F. Shermot with the association’s 2019 Paul Revere Award. The award is presented to the [...]
The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the Trump Administration finalized plans from the Treasury Department to reform the government-sponsored enterprises (GSEs), Fannie Mae [...]
The National Association of Federally-Insured Credit Unions (NAFCU) will host their annual Congressional Caucus Sept. 9-11 in Washington, D.C at the Hyatt Regency Washington on Capitol Hill. During NAFCU’s Congressional Caucus, dozens of [...]
The National Association of Federally-Insured Credit Unions (NAFCU), Credit Union National Association (CUNA) and CUNA Mutual Group today issued a joint statement in response to the U.S. Court of Appeals for the D.C. [...]
The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the National Credit Union Administration (NCUA) released interim guidance on serving hemp businesses: "We thank NCUA Chairman [...]
The National Association of Federally-Insured Credit Unions (NAFCU) EVP ofGovernment Affairs and General Counsel Carrie Hunt in a letter today urged the NCUA to consider “the totality of new regulation imposed since the financial crisis, [...]
The National Association of Federally-Insured Credit Unions (NAFCU) EVP ofGovernment Affairs and General Counsel Carrie Hunt issued the following statement in response to the CFPB’s announcement today that it plans to allow the QM [...]
