Working with a purpose
It's easy to lose sight of what you're working toward in today's culture. Our days are busier than ever – there never seems to be enough hours to accomplish what we want – and technology, while helpful [...]
The latest from NAFCU
The new URLA is coming – Is it a model application form?
Good morning from NAFCU’s spring Regulatory Compliance School! Sometimes a question from a member leaves me digging around in the Federal Register looking for more information. Where a rule or its commentary still leave [...]
NAFCU asks FHFA to reconsider credit score model rule
NAFCU's Ann Kossachev, commenting on the Federal Housing Finance Agency's (FHFA) proposal on how it plans to evaluate new credit scoring models for use by the government-sponsored enterprises (GSEs), urged the agency to re-propose the [...]
Marijuana banking bill scheduled for markup
The House Financial Services Committee next week will markup a bill designed to provide a safe harbor for credit unions and other lenders that serve marijuana-related businesses in states that have legalized the drug. The [...]
FOMC begins two-day meeting; no rate hike expected
The Federal Open Market Committee (FOMC), the Federal Reserve's monetary policy-setting arm, begins a two-day meeting today, which is not expected to end with a rate hike. The committee last raised the federal funds target [...]
NAFCU, at Treasury, gets update on housing finance reform efforts
NAFCU met at the Treasury Department Friday to discuss housing finance reform efforts happening on Capitol Hill as well as credit union priorities for reform. The association has led efforts to ensure credit unions' unfettered [...]
CFPB Winter 2019 Supervisory Highlights
Greetings Compliance Friends! We are excited to kick off our Spring Regulatory Compliance School this week! For those missing out, there is no need to fear as the NAFCU Compliance Team will also be hosting [...]
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Latest Press from NAFCU
NAFCU supports CFPB delay of payday rule, removal of ability to repay portions
National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the Consumer Financial Protection Bureau (CFPB) reissued its final payday lending rule: “We are pleased that the CFPB [...]
Credit Union groups support NCUA’s appeal of court’s field of membership ruling
The National Association of Federally-Insured Credit Unions (NAFCU), Credit Union National Association (CUNA) and CUNA Mutual Group jointly filed an amicus brief supporting the National Credit Union Administration (NCUA) in its appeal of the U.[...]
NAFCU statement on NCUA NOL decrease
The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement after the NCUA Board approved of decreasing the National Credit Union Share Insurance Fund's (NCUSIF) normal operating level (NOL) [...]
NAFCU statement on third quarter GDP growth
The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement after the Commerce Department released its second estimate of 3rd quarter GDP growth: “Despite downward revisions to auto related [...]
NAFCU defends credit unions and their commitment to all communities
National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today issued the following statement in response to recent bank lobbyists efforts to mislead policy discourse regarding the Community Reinvestment Act (CRA), claiming [...]
NAFCU’s statement on today’s Senate Judiciary hearing on big bank bankruptcy
The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement ahead of today’s Senate Judiciary Committee hearing discussing big bank bankruptcy and the 2008 financial crisis: “The ‘[...]
NAFCU’s Long: No substantive changes from FOMC
The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement after the conclusion of the Federal Reserve’s November Federal Open Market Committee meeting: “There were no substantive changes [...]
