News & Insight

Nealon: HMDA proposed changes add to CUs' burden

Thursday, October 30, 2014

NAFCU supports the fair lending goals of the Home Mortgage Disclosure Act but finds that CFPB has "failed to provide compelling reasons how the collection of the additional data ensures fair access to credit in the housing market," Regulatory Affairs Counsel Alicia Nealon wrote Wednesday.

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FOMC ends asset purchase program

Thursday, October 30, 2014

As expected, the Federal Open Market Committee issued a policy statement announcing the end of the Federal Reserve's asset purchase program following the close of its two-day meeting Wednesday.

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Editorial: Logic, inconsistency and goals

Thursday, October 30, 2014

As a political science junkie in college, my classmates and I enjoyed debating any issue of the day. Often into the wee hours of the morning. Our professors joined in the game, often giving us statements, and asking us to prove or disprove them. The process could create the perfect exercise for your credit union.

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TFCU Article: Managing Vendors by Doing More, Risking Less

Thursday, October 30, 2014

FCUs increasingly rely on third-party service providers to augment their operations — a beneficial arrangement as long as risk is vigorously addressed.

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Issues & Regulations

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INFOGRAPHIC: Data & Cybersecurity is a Top CU Priority

Data Security

Results of NAFCU's October 2014 Economic & CU Monitor survey show credit unions' concern and focus on data and cybersecurity in order to safeguard their members.

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A revised proposed risk-based capital rule is expected to be issued for comment

Capital Reform

NCUA said a second proposal on risk-based capital – which NAFCU has been pressing for over the past year – could be issued for comment before the end of this year. The amended proposal will include a longer implementation period and revised risk weights for mortgages, investments, member business loans, credit union service organizations and corporate credit unions, among other changes.

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