Posts Tagged ‘NAFCU Newsroom’

Fed survey reveals weakened loan demand, tightened standards

Fed survey reveals weakened loan demand, tightened standards

The Federal Reserve’s January senior loan officer opinion survey (SLOOS) on bank lending practices showed demand for loans weakened across the board with banks reporting tightening standards during the fourth quarter of 2022. The [...]

NCUA issues two prohibition notices

NCUA issues two prohibition notices

The NCUA yesterday issued two prohibition notices for January. The notice forbids an individual previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution. Violation of a prohibition [...]

FOMC expected to slow down pace of rate hikes

FOMC expected to slow down pace of rate hikes

The Federal Open Market Committee (FOMC) – the Fed’s monetary-policy setting arm – begins its first meeting of 2023 today and is expected to raise rates another 25 basis points. During the previous FOMC meeting, the [...]

NCUA details 2023 operating fee schedule

NCUA details 2023 operating fee schedule

The NCUA yesterday published a Letter to Credit Unions regarding operating fees for 2023. In the letter, the agency announced an average 1.8 percent decrease in federal credit union operating fees in 2023. The [...]

NAFCU’s Tetreau shares Reg E insights

NAFCU’s Tetreau shares Reg E insights

At the American Bar Association’s Consumer Financial Services Committee meeting, which concludes today, NAFCU Senior Regulatory Compliance Counsel Rebecca Tetreau provided insights on Regulation E during one of the event’s sessions. Tetreau has [...]

Existing home sales see 11th straight month of decline

Existing home sales see 11th straight month of decline

Existing home sales declined 1.5 percent in December to a seasonally-adjusted annualized rate of 4 million units, marking the 11th straight month of declining sales and a 34 percent decrease in sales compared to [...]

Sens. express concerns about CDFI Fund in letter to Yellen

Sens. express concerns about CDFI Fund in letter to Yellen

Sens. Mark Warner, D-Va., and Mike Crapo, R-Idaho, wrote to Treasury Secretary Janet Yellen Thursday to voice concerns that the Community Development Financial Institutions (CDFI) Fund is not considering stakeholder feedback as they update the [...]

NAFCU meets with NCUA ONES director, staff

NAFCU meets with NCUA ONES director, staff

NAFCU Senior Vice President of Government Affairs Greg Mesack Friday met with NCUA Office of National Examination and Supervision (ONES) Director Scott Hunt to share credit union priorities. NAFCU Vice President of Regulatory Affairs Ann [...]

CFPB proposed rule targets nonbank contracts

CFPB proposed rule targets nonbank contracts

The CFPB issued a proposed rule yesterday to require nonbanks subject to its supervisory authority to annually register with the CFPB regarding their use of certain terms and conditions in form contracts for consumer financial [...]

Stay connected to the credit union community with our free newsletter!

Delivered to the inboxes of thousands of credit union leaders daily.

You have Successfully Subscribed!