News & Insight

NAFCU to CFPB: Clarity - not rules - needed on 'alternative data' use

Monday, May 22, 2017

NAFCU, commenting Friday on the CFPB's request for information regarding use of alternative data and modeling techniques in the credit process, stressed to the bureau that no new regulations should be created to "encourage" financial institutions to use alternative forms of data to increase consumers' access to credit.

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Barr introduces NAFCU-backed TABS Act

Monday, May 22, 2017

House Financial Services Subcommittee Chairman Andy Barr, R-Ky., on Friday introduced the NAFCU-backed Taking Account of Bureaucrats' Spending (TABS) Act, which would subject the CFPB to the congressional appropriations process.

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Compliance Blog Post: Tales from the CryptoLocker - Dealing with Ransomware

Monday, May 22, 2017

Today's blog post will focus on ransomware and address what credit unions can do to prevent, respond to and recover from these types of attacks.

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From the President's Desk: NAFCU's 50 Years of Leadership

Monday, May 22, 2017

In celebration of NAFCU's 50th anniversary, we've been looking back at the times NAFCU has been a leader for the industry. Whether by pushing back on tax proposals, protecting credit union share insurance or fighting regulators' efforts to treat Main Street credit unions the same as Wall Street banks, NAFCU has shown again and again that it is ready to lead so credit unions have the tools, authorities and flexibility they need to serve their members and thrive.

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Issues & Regulations

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Share Insurance Fund Premium, Refunds from the Corporate Stabilization Fund and NCUA budget transparency

NCUA Money Watch

Your members' money exclusively funds the operations of NCUA, and because every single dollar counts, NAFCU holds the NCUA to the highest standards when it comes to managing the Credit Union Share Insurance Fund (NCUSIF), refunds from the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) and the agency's operating budget. Stay updated on these issues and our advocacy efforts on your behalf.

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Final Regulation on Member Business Lending

Member Business Lending

On February 19, 2016, the NCUA Board unanimously approved a final member business lending rule that amends Part 723 of NCUA's Rules and Regulations regarding the ability of federally-insured credit unions to make Member Business Loans (MBLs). Download NAFCU's Final Regulation summary and full rule text.

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