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  • NAFCU, ICBA Urge Watt on Fannie, Freddie Capital Buffers (Thursday, October 19, 2017)
    The National Association of Federally-Insured Credit Unions (NAFCU) and the Independent Community Bankers of America® (ICBA) today wrote to Federal Housing Finance Agency Director Mel Watt urging the agency to allow the government-sponsored enterprises (GSEs) to rebuild their capital buffers.
  • NAFCU-Backed Reg Relief Bills Advance Out of Committee (Thursday, October 12, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement regarding today's House Financial Services Committee two-day mark-up that addressed Home Mortgage Disclosure Act improvements and tailoring of regulations to limit burdens on affected institutions, in addition to raising the CFPB supervision and examination threshold from $10 billion to $50 billion.
  • NAFCU Backs CFPB's TRID 'Black Hole' Fix, Cites Relief for Credit Unions (Tuesday, October 10, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Ann Kossachev today wrote the Consumer Financial Protection Bureau (CPFB) lending support to the bureau's efforts to resolve the "black hole" issue under its TILA/RESPA integrated mortgage disclosure (TRID) rule, noting the proposed changes will provide "much-needed relief and cost savings to credit unions."
  • NCUA Draft Budget Projects $298.2M in Spending for 2018 (Friday, October 6, 2017)
    The National Credit Union Administration (NCUA) today released its discussion draft budgets for 2018 and 2019, which project $298.2 million and $302.8 million in spending, respectively. The National Association of Federally-Insured Credit Unions (NAFCU) is reviewing the documents, which are online and accessible to the public now.
  • NAFCU Chief Economist Curt Long Statement on September Jobs Report (Friday, October 6, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department’s September employment report, released this morning.
  • CFPB Payday Rule Nods to Credit Union Concerns, NAFCU Reviewing for Full Impact (Thursday, October 5, 2017)
    The Consumer Financial Protection Bureau (CFPB) released a final rule on payday lending today that, based on an initial review, appears to address credit union industry concerns over potentially negative impacts on credit unions' ability to meet members' needs for short-term, small-dollar loans.
  • NAFCU CEO Dan Berger Urges Data Security Accountability Ahead of House Equifax Hearing (Monday, October 2, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today urged congressional action to ensure that credit unions do not bear the cost of negligent data practices by entities like Equifax.
  • NAFCU-Supported Pro-Vets MBL Bill Reintroduced (Thursday, September 28, 2017)
    House Financial Services Committee Member Vicente Gonzalez, D-Texas, and House Foreign Affairs Committee Chairman Ed Royce, R-Calif., along with Rep. Paul Cook, R-Calif., today reintroduced a NAFCU-supported bill to exclude veterans’ loans from the statutory credit union member business loan cap.
  • NAFCU Statement on NCUA's TCCUSF Merger, NOL Increase (Thursday, September 28, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement on the National Credit Union Administration (NCUA) Board’s vote to raise the normal operating level (NOL) of the share insurance fund to 1.39 percent - as proposed - and approve merging the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) with the National Credit Union Share Insurance Fund (NCUSIF).
  • CU Tax Exemption Untouched in Republican Tax Plan; NAFCU Remains Vigilant (Wednesday, September 27, 2017)
    While no changes to credit unions' federal tax exemption were proposed in the Republicans' latest tax reform framework released today, the National Association of Federally-Insured Credit Unions (NAFCU) remains vigilant in touting the importance of the exemption to the industry, consumers and the greater economy as Congress begins its work on this issue.
  • NAFCU Chief Economist Curt Long's Statement on FOMC Decision Not to Raise Rates(2) (Wednesday, September 20, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement today in response to the Federal Open Market Committee’s announcement of no change in interest rates after the conclusion of its two-day meeting.
  • CUs, NAFCU Meet with HUD Secretary Carson Today to Talk Housing (Monday, September 18, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) member credit unions and association senior staff today are meeting with Housing and Urban Development Secretary Ben Carson at HUD headquarters to discuss credit unions' role in helping low-income individuals, affordable housing and the industry's priorities for housing finance reform.
  • NAFCU, CUs Succeed at Keeping NCUA Out of Approps Process (Wednesday, September 13, 2017)
    The credit union industry scored a big win this afternoon as the House passed an amendment sought by the National Association of Federally-Insured Credit Unions (NAFCU) to keep the NCUA out of the appropriations process.
  • NAFCU and SBA Renew Partnership to Increase Loans to Small Businesses (Wednesday, September 13, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger and Small Business Administration Administrator Linda McMahon today signed a Memorandum of Understanding which will work to improve access to small dollar loans to small businesses across the nation.
  • Members of Congress Reintroduce NAFCU-Backed 'Stop and Study' Bill on Risk-Based Capital (Tuesday, September 12, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler today thanked Reps. Bill Posey, R-Fla., and Denny Heck, D-Wash., for reintroducing a NAFCU-sought, bipartisan bill that would require the NCUA to conduct a study on the appropriate capital requirements for credit unions before implementing its final risk-based capital (RBC) rule, which is scheduled to take effect Jan. 1, 2019.
  • NAFCU Urges Congress for National Data Security Standard Following Equifax Data Breach (Friday, September 8, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today in a letter urged congressional leaders to support national data security standards for retailers and others who collect and store consumers’ personal and financial information following news of the Equifax data breach.
  • Presidential Cabinet Members, Congressional Leadership, Top Regulators to Attend Largest NAFCU Congressional Caucus (Thursday, September 7, 2017)
    The National Association of Federally-Insured Credit Unions (NAFCU) next week will host its 2017 Congressional Caucus – the credit union industry's main event for advocacy in Washington, D.C. Celebrated annually, this year's Caucus is expected to be NAFCU's largest, most widely attended since before the recession, with headlining speakers including Housing and Urban Development Secretary Ben Carson and Small Business Administration Administrator Linda McMahon. In addition, NAFCU's Congressional Caucus will also include remarks from House Financial Services Committee Chairman Jeb Hensarling, R-Texas, among other key members of Congress.
  • NAFCU Chief Economist Curt Long Statement on August Jobs Report (Friday, September 1, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department’s August employment report, released this morning.
  • NAFCU CUs, Staff Meet with Mnuchin at Treasury Today on Credit Union Issues (Tuesday, August 22, 2017)
    Representatives from several National Assocation of Federally-Insured Credit Unions (NAFCU) member credit unions, with the association's Dan Berger and Carrie Hunt, will meet today with Treasury Department Secretary Steven Mnuchin on issues of importance to credit unions, including tax reform, housing, lending and regulatory relief.
  • NAFCU Opposes Increasing NCUSIF Normal Op Level, Urges Further Study (Monday, August 21, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today issued the following statement regarding the NCUA's proposal to increase the normal operating level (NOL) of the National Credit Union Share Insurance Fund (NCUSIF) from 1.3 percent to 1.39 percent. NAFCU, based on a unanimous decision by its Board of Directors and two member-filled committees, is urging the NCUA to reconsider this increase, citing a negative impact on the industry. In addition, NAFCU is asking the NCUA for more due diligence before taking action to close the Temporary Corporate Credit Union Stabilization Fund (TCCUSF).
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