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 [...]
NAFCU Vice President of Legislative Affairs Brad Thaler sent a message to lawmakers on Capitol Hill Friday to “set the record straight on credit unions and the credit union difference” after a banking group made [...]
The latest issue of Business View magazine features an in-depth profile on NAFCU and an interview with NAFCU President and CEO Dan Berger. In the article – which kicks off a series in the magazine on [...]
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 [...]
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 [...]
NAFCU President and CEO Dan Berger and members of the CDFI Fund Coalition Thursday spoke with Rep. Maxine Waters, D-Calif., to stress NAFCU-member CDFIs’ desire to help their communities and to voice their concerns that [...]
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 [...]
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 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. 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 President and CEO Dan Berger met with NCUA Chairman Todd Harper Wednesday at the agency’s headquarters in Alexandria, Va., to discuss credit union priorities, including several of NAFCU’s recent requests to the [...]
NAFCU Senior Counsel for Research and Policy Andrew Morris wrote to the Federal Reserve Tuesday to reiterate the association’s support for its proposal to publicly disclose which depository institutions have access to Reserve Bank [...]
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 [...]
NAFCU President and CEO Dan Berger Thursday met with Rep. Pete Aguilar, D-Calif., to discuss the association’s priorities for 2023 and the outlook for the 118th Congress. Aguilar is the current House Democratic Caucus [...]
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 [...]
