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  • Discounts today on NAFCU's mortgage servicing rules webcast (Tuesday, April 21, 2015)
    Today is the last day to save $100 when registering for NAFCU's April 28 webcast, "CFPB’s Proposed Changes to Mortgage Servicing Rules." The webcast begins at 2 p.m. Eastern.
  • CFPB: Military allotment processor to pay $3.1 million (Tuesday, April 21, 2015)
    CFPB announced Monday that Fort Knox National Company and its subsidiary, Military Assistance Company, will pay a $3.1 million penalty as a result of its charging millions of dollars in hidden fees to servicemembers.
  • Harney: First-time home buyers should go to CUs (Tuesday, April 21, 2015)
    A nationally syndicated columnist urged first-time home buyers to join credit unions for the best deals and cited NAFCU's data showing that credit unions have more than quadrupled their share of total mortgage market volume in nine years.
  • Deadline for MBL survey May 1 (Tuesday, April 21, 2015)
    NAFCU members have until May 1 to participate in the association's Economic & CU Monitor survey on member business lending and Small Business Administration products.
  • NCUA excluded from proposed systemic risk panel (Tuesday, April 21, 2015)
    Its lack of a financial stability mandate under the Dodd-Frank Act has kept NCUA out of a proposal for a new Systemic Issues Committee released by a public policy group headed by former Federal Reserve Chairman Paul Volcker.
  • NAFCU introduces CU volunteer, risk management certifications (Monday, April 20, 2015)
    NAFCU has created new NAFCU Certified Volunteer Expert (NCVE) and NAFCU Certified Risk Manager (NCRM) designations for volunteers and risk management professionals in the credit union industry looking to demonstrate they have the understanding and expertise needed to perform their duties.
  • Inflation still below Fed's target rate (Monday, April 20, 2015)
    Core personal consumption expenditure inflation – the Federal Reserve's preferred measure – rose in February but remained below the Fed's 2 percent target rate, said NAFCU Chief Economist and Director of Research Curt Long, who analyzed data published by the Bureau of Labor Statistics.
  • April BSA Blast: Effective compliance programs (Monday, April 20, 2015)
    NAFCU's April BSA Blast focuses on elements of an effective compliance program and notes the importance of the relationship between anti-money laundering efforts and the "integrity of the worldwide financial system."
  • CUs, get your RBC2 comments to NCUA (Monday, April 20, 2015)
    Credit unions have just one more week to complete and submit their official comment letters on NCUA’s current risk-based capital proposal, and NAFCU’s regulatory advocacy team is encouraging members to give NCUA their input.
  • NAFCU has always kept members' interests first, Berger writes (Monday, April 20, 2015)
    NAFCU President and CEO Dan Berger, responding to a Credit Union Times column on credit unions and CFPB, said Friday that the association has always acted with its members’ best interests in mind, not wavering in that approach.
  • FHFA makes changes to GSE mortgage fees (Monday, April 20, 2015)
    The FHFA Friday released the results of its internal report on guarantee fees, or g-fees, charged by Fannie Mae and Freddie Mac. As a result of the review, which started in June 2014, the FHFA has concluded the structure of g-fees should remain largely unchanged.
  • Berger to testify on data security; House action ahead on cyber, more (Monday, April 20, 2015)
    Sharing the credit union perspective on data security, NAFCU President and CEO Dan Berger will reiterate the association's key data security principles and present how credit unions have successfully minimized data breaches when he testifies before the House Small Business Committee on Wednesday.
  • NAFCU pushes to cut red tape (Monday, April 20, 2015)
    In response to a call from the Senate Homeland Security and Governmental Affairs Committee to review government regulation through the #CutRedTape Initiative, NAFCU urged the committee to allow financial institutions to push back against overregulation.
  • Fannie Mae has outreach materials for 3%-down mortgages (Friday, April 17, 2015)
    Fannie Mae released new outreach materials, including flyers, FAQs and email content, which can be customized by a credit union to educate its members on the availability of low down payment financing options.
  • CUs spend 86 hours a month on financial literacy efforts (Friday, April 17, 2015)
    The April edition of the NAFCU Economic & CU Monitor, available now, puts the spotlight on financial literacy in a survey report showing credit unions spend an average of 86 hours each month on matters related to that topic.
  • Data security bill passes House panel, NAFCU has concerns (Friday, April 17, 2015)
    The House Energy and Commerce Committee on Wednesday approved H.R. 1770, the "Data Security and Breach Notification Act," by a vote of 29 to 20, but NAFCU is pressing lawmakers to strengthen language regarding merchant data security standards.
  • NAFCU, others offer improvements to patent reform bill (Friday, April 17, 2015)
    NAFCU, with other financial trade organizations, said a House subcommittee bill aimed at addressing patent-assertion entities that send patent-demand letters in bad faith is a good starting point but needs improvement.
  • NAFCU, trades express support for Carper-Blunt data security bill (Friday, April 17, 2015)
    NAFCU and six other financial trade associations yesterday wrote Sens. Tom Carper, D-Del., and Roy Blunt, R-Mo., in support of their data security bill, which would bring retailers under a national standard akin to that prescribed under the Gramm-Leach-Bliley Act for financial institutions.
  • Senate Banking eyes mortgage credit access (Friday, April 17, 2015)
    Witnesses at a Senate Banking Committee hearing raised concerns about CFPB's mortgage rules cap on points and fees, the designation of rural status and the debt-to-income ratio requirements for qualified mortgages.
  • CFPB issues final guidance on housing counseling rule (Thursday, April 16, 2015)
    CFPB on Wednesday issued a final interpretive ruling for lenders required to provide homebuyers with a list of local homeownership counselors, giving additional interpretive guidance on how to provide applicants living abroad or in remote areas with counseling lists and permissible geolocation tools, among other things.
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