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  • Clyburn, Clay, Laster join Caucus speaker list (Thursday, September 3, 2015)
    Reps. James Clyburn, D-S.C., and William Lacy Clay, D-Mo., and NCUA Director of the Office of Consumer Protection Gail Laster have joined the growing speaker list scheduled for NAFCU's Congressional Caucus next month in Washington.
  • FDIC: Bank profits hit $43 billion in 2Q (Thursday, September 3, 2015)
    Federally insured banks and savings institutions reported second-quarter profits of $43 billion, up $2.9 billion from the second quarter of 2014, according to the FDIC's latest Quarterly Banking Profile.
  • CUs step up mortgage lending (Thursday, September 3, 2015)
    Credit unions are stepping up their mortgage lending and held almost $300 billion in first mortgages as of March 31, according to NCUA and a recent article in Origination News.
  • Vehicle sales hit highest pace since July 2005 (Thursday, September 3, 2015)
    Total vehicle sales in August increased from July's rate of 17.6 million annualized units to 17.8 million annualized units on a seasonally adjusted basis – the highest pace since July 2005, according to data released by Autodata Corp. and analyzed by NAFCU Research Assistant Yun Cohen.
  • Treasury seeks comments on CDFI rule (Thursday, September 3, 2015)
    The Treasury Department is seeking comments on a proposed rule that would revise the administrative requirements for the Community Development Financial Institutions (CDFI) grant program.
  • CBA files suit against FCC after robocall ruling (Thursday, September 3, 2015)
    The Consumer Bankers Association filed suit against the Federal Communications Commission on Wednesday in response to the agency's recent ruling on robocall exemptions.
  • September's Compliance Monitor eyes DoD's MLA amendments (Wednesday, September 2, 2015)
    The September issue of NAFCU's Compliance Monitor is now available and reviews the Department of Defense's final rule amending regulations under the Military Lending Act and how it expands the scope of the current regulations.
  • CFPB's focus on auto lenders may result in higher loan prices (Wednesday, September 2, 2015)
    CFPB's efforts to police the way car loans are priced to avoid discrimination against minority buyers is causing some automakers to overhaul their loan pricing, a move that could increase consumers' overall loan costs.
  • NAFCU raises concerns about FCC exemption (Wednesday, September 2, 2015)
    NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt raised concerns in a letter to the Federal Communications Commission about its recent ruling on robocall exemptions, which NAFCU believes will prevent credit unions from alerting members about identity theft or data breaches in a timely manner.
  • NCUA launches new CU search tool (Wednesday, September 2, 2015)
    NCUA released an improved online research tool on Tuesday aimed at making detailed information about federally insured credit unions easier to find for consumers.
  • WSJ: CIOs must act defensively after FTC ruling (Wednesday, September 2, 2015)
    In the wake of the U.S. appeals court ruling confirming the Federal Trade Commission's authority to regulate cybersecurity, chief intelligence officers should document their companies' cybersecurity compliance, according to The Wall Street Journal.
  • American Banker, CUJournal pick up NAFCU's online lender warning (Wednesday, September 2, 2015)
    Both American Banker and Credit Union Journal picked up NAFCU's call for more consumer protection requirements for online lenders, in the association's letter to the Treasury Department last week.
  • FHA seeks comments on proposed loan certification form changes (Wednesday, September 2, 2015)
    The Federal Housing Agency is requesting comments on its newly proposed changes to the Department of Housing and Urban Development's "Addendum to Uniform Residential Loan Application." The proposed changes are based on suggestions made during the proposal's previous comment period.
  • NAFCU names Lyon as director of education (Wednesday, September 2, 2015)
    NAFCU has named Devon Lyon, a NAFCU Certified Compliance Officer (NCCO), as the association's director of education – action that bolsters NAFCU's strategy to focus on its three core competencies: advocacy, education and compliance.
  • SCICAP CU closed (Tuesday, September 1, 2015)
    The Iowa Credit Union Division granted the authority to place SCICAP Credit Union of Chariton, Iowa, into receivership on Friday, and NCUA was named liquidating agent.
  • FBI: Business email scam losses top $1.2B (Tuesday, September 1, 2015)
    A new FBI alert estimated that fraud losses linked to business email scams worldwide totaled more than $1.2 billion from October 2013 through August – though experts say the losses could be higher as some incidents go unreported.
  • Fed at Jackson Hole: Rate increase still planned (Tuesday, September 1, 2015)
    Federal Reserve Vice Chairman Stanley Fischer sent the message that plans for an interest rate increase this year are still on, during the Kansas City Federal Reserve's annual retreat in Jackson Hole, Wyo.
  • NCUA invites comments on OTR, operating fee methodologies (Tuesday, September 1, 2015)
    NCUA Board Chairman Debbie Matz announced Monday that the agency will seek comments from credit union stakeholders and the public on the methodologies used for calculating both the overhead transfer rate and the federal credit union operating fee.
  • NAFCU applauds NCUA's MBL proposal (Tuesday, September 1, 2015)
    NAFCU President and CEO Dan Berger wrote NCUA to express the association's appreciation for the proposed member business lending rule that eliminates the waiver process and provides much-needed regulatory relief.
  • Berger to meet with Matz, Metsger (Tuesday, September 1, 2015)
    NAFCU President and CEO Dan Berger will meet with NCUA Chairman Debbie Matz and Vice Chairman Rick Metsger this week to discuss the top regulatory concerns of credit unions as well as the agency's agenda for the remainder of 2015.
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