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2013 News

2013 News

• Bernanke, Fed bank chiefs in harmony on QE (May 23, 2013) Topics: Daily News
  Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday that pulling back on monetary policy accommodation by either raising interest rates or slowing bond purchases would not likely change economic conditions for the better and could be harmful.
• CFPB, states set supervision MOU (May 23, 2013) Topics: Daily News
  The CFPB and Conference of State Bank Supervisors on Tuesday announced a new framework for coordinating supervision and enforcement of institutions that fall under both jurisdictions.
• Existing home sales and prices on the rise (May 23, 2013) Topics: Daily News
  NAFCU Research Assistant Doug Christman attributed the continuing rise in existing-home sales reported Wednesday to high affordability, low interest rates and pent-up demand.
• Final QM rule for small lenders out soon (May 23, 2013) Topics: Daily News
  CFPB representatives testifying this week on the bureau’s ability-to-repay/qualified mortgage rule said a final rule is expected to be issued soon detailing QM standards affecting small lenders.
• Fraud Blog praises NAFCU data-security push (May 23, 2013) Topics: Daily News
  Tracy Kitten of The Fraud Blog on CUInfoSecurity.com yesterday highlighted NAFCU’s advocacy for better security practices and shared responsibility between financial institutions and merchants.