News

NAFCU delivers up-to-the minute information on key legislative, regulatory and compliance issues facing credit unions. Browse and filter the news below to stay in the know.

Sign up to have NAFCU Today, our free daily e-news publication, delivered right to your inbox each morning.



Filter By Year:

Filter By Month:

Order By:

Results

  • Lawmakers push resolutions to overturn CFPB's arbitration rule (Friday, July 21, 2017)
    Republicans on Thursday took the first step toward overturning the CFPB's arbitration rulemaking by introducing resolutions in both the House and Senate under the Congressional Review Act.
  • NCUA notes 2% reduction in 2017 budget during mid-year review (Friday, July 21, 2017)
    In a mid-session budget review update during the NCUA's open board meeting Thursday, staff reported on a 2 percent reduction in the 2017 budget to $292.2 million - a reduction of $5.8 million.
  • Purvis to Senate Banking: Small lenders must retain access to secondary housing market (Friday, July 21, 2017)
    Preserving equitable pricing and retaining access to the secondary mortgage market for small lenders must be incorporated into any new housing finance system, NAFCU witness Chuck Purvis, president and CEO of Coastal Federal Credit Union in Raleigh, N.C., told the Senate Banking Committee Thursday.
  • NCUA merger proposal expands insolvency determination methods (Friday, July 21, 2017)
    The NCUA Board on Thursday issued a proposal addressing emergency mergers carried out by the agency. It would amend the definition of "in danger of insolvency" in the agency's chartering and field-of-membership manual.
  • James Kenyon named NAFCU Board Director-at-Large (Friday, July 21, 2017)
    James A. Kenyon, president and CEO of Whitefish Credit Union, Whitefish, Mont., has been named to fill the vacant at-large seat on NAFCU's Board of Directors.
  • NAFCU welcomes discourse on Stabilization Fund closure, cites concern over proposed 1.39% NCUSIF target (Friday, July 21, 2017)
    NAFCU President and CEO Dan Berger welcomed the NCUA Board's decision Thursday to reach out to the credit union industry for input on the closure of the Temporary Corporate Credit Union Stabilization Fund but noted concerns about the proposal to set a 1.39 percent "normal operating level" for the share insurance fund.
  • Comments sought on NCUSIF equity distribution rule (Friday, July 21, 2017)
    A proposed rule on the way equity distributions from the National Credit Union Share Insurance Fund are calculated and paid is out for comment until Sept. 5.
  • Fed holds online panel today on faster-payments initiative (Friday, July 21, 2017)
    The Federal Reserve's Faster Payments Task Force, of which NAFCU is a member, will hold live-stream a panel discussion at 10:30 a.m. Central time today (11:30 a.m. Eastern) and release its final report addressing how to get to a faster payments system.
  • NAFCU welcomes discourse on Stabilization Fund closure, concerned about proposed 1.39% NCUSIF target (Thursday, July 20, 2017)
    NAFCU President and CEO Dan Berger welcomed the NCUA Board's decision today to reach out to the credit union industry for input on the closure of the Temporary Corporate Credit Union Stabilization Fund. But he noted concerns about the second part of that - the proposed increase to 1.39 percent in the "normal operating level" of the National Credit Union Share Insurance Fund.
  • CFPB issues HMDA 'loan scenarios' document (Thursday, July 20, 2017)
    The CFPB on Wednesday released a document presenting examples of hypothetical transactions to help Home Mortgage Disclosure Act filers determine how to report three different types of loans.
  • NAFCU-backed bill for permanent CU council at CFPB reintroduced (Thursday, July 20, 2017)
    Sen. Mike Rounds, R-S.D., a member of the Senate Banking Committee, and Sen. Angus King, I-Maine, reintroduced legislation on Wednesday that would make permanent the CFPB's Credit Union Advisory Council and establish a small business advisory board at the bureau.
  • Coastal FCU's Purvis to stress importance of CUs' access to secondary market in hearing (Thursday, July 20, 2017)
    NAFCU witness Chuck Purvis, president and CEO of Coastal Federal Credit Union in Raleigh, N.C., today will emphasize during a Senate Banking Committee hearing the importance of ensuring that any housing finance reform plan preserve credit unions' unfettered access to the secondary market, and under fair pricing conditions.
  • Housing starts up 8.3% in June; continued, strong growth expected (Thursday, July 20, 2017)
    Housing starts rose 8.3 percent in June to a seasonally adjusted annual rate of 1.215 million, and NAFCU Chief Economist and Director of Research Curt Long expects strong growth for the housing market in coming months.
  • Kossachev, at Urban Institute, touts CU lending in underserved markets (Thursday, July 20, 2017)
    During an event at the Urban Institute in Washington Wednesday evening, NAFCU's Ann Kossachev highlighted credit union lending in the manufactured housing market and the approach the government-sponsored enterprises should take as they move into serving this and other underserved markets.
  • NCUSIF-Stabilization Fund, merger proposals slated today at NCUA (Thursday, July 20, 2017)
    Today's open NCUA Board meeting will include a much-anticipated look at possible next steps for the Temporary Corporate Credit Union Stabilization Fund and National Credit Union Share Insurance Fund, which together are addressed in more than half of today's open meeting agenda.
  • Kossachev to discuss FHFA's duty-to-serve rule at Urban Institute tonight (Wednesday, July 19, 2017)
    NAFCU Regulatory Affairs Counsel Ann Kossachev is speaking at an Urban Institute event this evening on the challenges, opportunities and expectations the government-sponsored enterprises will have as they set out to serve the underserved under the Federal Housing Finance Agency's duty-to-serve rule.
  • Senate Banking leaders release NFIP reauthorization bill (Wednesday, July 19, 2017)
    Senate Banking Committee leaders have released a bipartisan bill that would reauthorize the National Flood Insurance Program until Sept. 30, 2023. Congress has until Oct. 1 to reauthorize the program, which provides flood insurance to at-risk homes.
  • Comments due to NAFCU today on NCUA's merger, exam appeals proposals (Wednesday, July 19, 2017)
    Today is the deadline for NAFCU members to submit their input to the association on three NCUA proposals addressing voluntary mergers and the exam appeals process. Member credit unions can provide comments via the association's Regulatory Alerts.
  • Heller: Republican tax-reform bill expected around Sept. 1 (Wednesday, July 19, 2017)
    Sen. Dean Heller, R-Nev., reaffirmed the Republicans' plan to release tax-reform legislation around Sept. 1 during a hearing Tuesday held by the Senate Finance Committee.
  • Senate resolution in works to overturn CFPB's arbitration rule (Wednesday, July 19, 2017)
    [UPDATED] A resolution from Senate Republicans that would overturn the CFPB's final arbitration rule, published in today's Federal Register, may be revealed as soon as today, according to Bloomberg.
  • 12345...Next