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

  • NAFCU Risk Management, BSA Seminars kick off today in Denver (Monday, July 24, 2017)
    Credit union professionals from across the country are gathering today to kick off NAFCU's BSA Seminar and Risk Management Seminar at the Grand Hyatt Denver. Running concurrently for the first time, the two seminars continue through July 26 and 27, respectively.
  • Aug. 9 NCUA webinar on stabilization fund closure (Monday, July 24, 2017)
    NCUA has opened registration to an Aug. 9 webinar that will feature top agency officials discussing the board's proposal to close the Temporary Corporate Credit Union Stabilization Fund and provide a potential distribution to credit unions next year.
  • NAFCU backs 1-year delay of fiduciary rule provisions (Monday, July 24, 2017)
    NAFCU on Friday wrote the Labor Department in support a one-year delay in the Jan. 1, 2018,  applicability date for provisions relating to the fiduciary rule's contract and transaction exemptions.
  • NCUA to restructure, close 2 regions; more to come (Monday, July 24, 2017)
    The NCUA on Friday announced a planned restructuring that, among other things, will result in a reduction of the agency's regions from five to three, with the Albany (Region I) and Atlanta (Region III) offices slated for closure.
  • Updated reg agenda lists incentive-based compensation rule, more (Monday, July 24, 2017)
    Federal regulators last week released an updated "unified agenda" of regulations, which includes possible final action next spring on an interagency rule on incentive-based compensation for financial services providers.
  • This week: CFPB arbitration rule, agency nominees, FOMC action (Monday, July 24, 2017)
    The CFPB's arbitration rule faces its first challenge under the Congressional Review Act with a House vote possible as early as Tuesday on a resolution to overturn the rule. The Senate could act on a similar measure at any time.
  • NCUA restructuring, closing 2 regions; more to come (Friday, July 21, 2017)
    The NCUA is embarking on a restructuring that, among other things, will result in a reduction of the agency's regions from five to three, with the Albany (Region I) and Atlanta (Region III) offices slated for closure.
  • 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.
  • 12345...Next