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  • NAFCU-backed 'REINS Act' passes, targets expensive regs (Wednesday, July 29, 2015)
    The House, voting 243-165, passed NAFCU-supported H.R. 427 on Tuesday, which would require Congress to hold an up-or-down vote before the enactment of any regulation expected to have an impact of more than $100 million.
  • House poised to take up highway bill, NAFCU urging no g-fee use (Wednesday, July 29, 2015)
    With the House planning a vote as early as today on a three-month, highway-funding extension, NAFCU is urging anew that a proposal to increase government-sponsored enterprise guarantee fees, or g-fees, be kept out of a longer-term transportation bill Congress will likely need to pass this fall.
  • Obama signs bill to raise SBA 7(a) ceiling (Wednesday, July 29, 2015)
    The House of Representatives voted on Monday night to pass H.R. 2499 – a bill that would raise the statutory cap on the Small Business Administration's 7(a) business loan program, which hit its $18.75 billion ceiling last week. The bill was signed by President Barack Obama on Tuesday.
  • CFPB targets Paymap and LoanCare for deceptive ads (Wednesday, July 29, 2015)
    CFPB on Tuesday said it has taken action against Paymap Inc. and LoanCare LLC for deceiving consumers with advertisements for a mortgage payment program that promised thousands of dollars in interest savings.
  • IG finds deficiencies in CFPB consumer complaint database (Wednesday, July 29, 2015)
    The Federal Reserve and CFPB Office of Inspector General has identified seven control deficiencies related to CFPB's consumer complaint database, underscoring privacy and risk concerns NAFCU raised earlier this year.
  • Matz talks reg relief, cybersecurity in town hall webinar (Wednesday, July 29, 2015)
    In a town hall webinar yesterday, NCUA Chairman Debbie Matz and senior staff reiterated plans regarding regulatory relief, spoke about the need for greater cybersecurity and fielded questions from credit unions on topics such as call reports, NCUA's budget, corporate resolution and more.
  • NAFCU urges no decrease in Fannie, Freddie loan limit (Tuesday, July 28, 2015)
    NAFCU on Monday urged that there be no reduction in the conforming loan limit for government-sponsored enterprises Fannie Mae and Freddie Mac in a letter to the Federal Housing Finance Agency, which is reviewing an index that affects that limit.
  • Matz webinar today at 3 p.m.; send questions ahead (Tuesday, July 28, 2015)
    NCUA Board Chairman Debbie Matz hosts her town hall webinar at 3 p.m. Eastern today, providing an opportunity for credit unions to raise questions about any number of issues – examinations, NCUA's budget process, regulatory relief and more.
  • FOMC begins 2-day session, no rate change expected (Tuesday, July 28, 2015)
    The Federal Open Market Committee, the Federal Reserve's monetary policy setting arm, meets today and tomorrow amid growing speculation that the Fed is setting the stage for an interest-rate increase – but probably not before September.
  • D.C. circuit court reopens challenge to CFPB (Tuesday, July 28, 2015)
    The D.C. Circuit court reopened  Texas-based State National Bank of Big Springs' suit against CFPB, after the suit was first dismissed by federal court because the bank is not directly supervised by the bureau.
  • Berger meets with Castro at HUD (Tuesday, July 28, 2015)
    NAFCU President and CEO Dan Berger met with Housing and Urban Development Secretary Julián Castro on Monday to discuss the top issues affecting credit unions in the housing arena.
  • NAFCU launches new salary comparison report for CUs (Tuesday, July 28, 2015)
    Credit unions can track compensation trends for a wide variety of professions that are most common in the industry with NAFCU's new salary comparison report.
  • Writing Senate leaders, NAFCU urges additional reg relief for CUs (Tuesday, July 28, 2015)
    NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt wrote Senate leaders supporting credit union regulatory relief provisions in fiscal 2016 appropriations legislation.
  • NAFCU welcomes House committee mark-up, urges CU relief (Tuesday, July 28, 2015)
    NAFCU Vice President of Legislative Affairs Brad Thaler thanked the leaders of the House Financial Services Committee for scheduling today's mark-up of several regulatory relief measures and urged lawmakers' continued support of the NAFCU-backed bills.
  • Part 3 of MBL blog series: Commercial loan policies (Tuesday, July 28, 2015)
    In part three of her NAFCU Compliance Blog series on NCUA's member business lending proposal, NAFCU Director of Regulatory Affairs Alicia Nealon looks at what must be included in credit union board-approved commercial lending policies.
  • NAFCU urges House to raise statutory lending cap on SBA 7(a) loans (Monday, July 27, 2015)
    NAFCU is urging House leaders to act swiftly to raise the statutory cap on the Small Business Administration's 7(a) business loan program, which hit its ceiling of $18.75 billion last Thursday.
  • NCUA posts line-item budget, OTR info to website (Monday, July 27, 2015)
    NCUA posted line-item budget data and overhead transfer rate (OTR) analysis to its website on Friday and Saturday, a follow-up to NCUA Chairman Debbie Matz's exchange with Rep. Mick Mulvaney, R-S.C., during a House subcommittee hearing last week.
  • New-home sales tumble 6.8% in June (Monday, July 27, 2015)
    New-home sales unexpectedly tumbled by 6.8 percent in June, dipping from May's revised 517,000 units to 482,000 annualized units, according to an analysis of U.S. Census Bureau data by NAFCU Research Assistant Yun Cohen.
  • CU Times: NAFCU right on UDAAP enforcement concerns (Monday, July 27, 2015)
    NAFCU's alert to members on the recent enforcement actions by CFPB for "unfair, deceptive or abusive acts or practices" was cited by Credit Union Times as prescient warning about the potential consequences of the bureau's interpretation of the law.
  • Senate Appropriations OKs giving legal pot businesses access to banking services (Monday, July 27, 2015)
    An amendment by Senator Jeff Merkley, D-Ore., to ensure that legal marijuana businesses have access to banking services was approved last Thursday as part of the Senate Appropriations Committee's financial services appropriations bill.
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