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

  • Nov. 27: NAFCU offering $333 discount on 2018 conferences (Monday, November 20, 2017)
    On Nov. 27, NAFCU is offering a special Cyber Monday deal for its 2018 conferences and online training subscriptions. With the code CYBER, individuals can save $333 off of the regular price for any of NAFCU's 2018 conferences, as well as its online training subscriptions.
  • Tax reform recap: CU tax exemption intact in House, Senate bills (Monday, November 20, 2017)
    Last week, the House and Senate made progress on federal tax reform. The credit union tax exemption remains intact in each of the chamber's respective tax bills.
  • NAFCU recommends CFPB strategy shift ahead of director change (Monday, November 20, 2017)
    As the CFPB prepares for a new director - in light of current-Director Richard Cordray's announcement that he will step down from the post before the end of the month - NAFCU is recommending the bureau take advantage of the transition and implement a new approach to its rulemaking and enforcement.
  • NAFCU supports Reg Z mortgage servicing rule changes (Monday, November 20, 2017)
    NAFCU Regulatory Affairs Counsel Andrew Morris, in a letter to the CFPB Friday, said the association is supportive of the bureau's efforts to address the statement timing provisions connected with a consumer’s bankruptcy case housed in the Regulation Z mortgage servicing rules.
  • Senate committee passes tax bill, preserves CU tax exemption (Friday, November 17, 2017)
    The Senate Finance Committee last night reported out the Republican tax bill, the Tax Cuts and Jobs Act. After four days of review, the credit union tax exemption remains untouched.
  • CFPB's language access plan offers resources to CUs (Friday, November 17, 2017)
    The CFPB yesterday published a final notice of its revised language access plan, which is intended to improve access to CFPB resources and services for those individuals who have limited English proficiency (LEP). The final plan will help credit unions educate their LEP members about financial services and provide them with resources in their preferred language.
  • House-passed tax bill keeps CU exemption in place (Friday, November 17, 2017)
    The House, by a vote of 227-205 Thursday, passed the Republican tax bill (H.R. 1) with the credit union tax exemption fully intact. The bill now moves to the Senate.
  • NCUA approves 2018-2019 budgets, corporate CUs rule (Friday, November 17, 2017)
    The NCUA Board yesterday voted to approve its budgets for 2018 and 2019, and finalized its rule to amend regulations that govern corporate credit unions and the scope of their work. NAFCU President and CEO Dan Berger acknowledged the work the board has done to spend credit unions' funds more efficiently.
  • NCUA sets new OTR methodology; 2018 rate set at 61.5% (Friday, November 17, 2017)
    The NCUA Board yesterday finalized its overhead transfer rate (OTR) methodology as proposed in June and will use this new methodology in setting the 2018 rate, which the agency said will be set at 61.5 percent.
  • NAFCU launches community strategy to protect CU tax status (Friday, November 17, 2017)
    NAFCU President and CEO Dan Berger sent an email to the association's members yesterday requesting their support to defend the industry's tax-exempt status at the local level - though the exemption remains untouched in both the House and Senate bills.
  • Tax bill passes Senate committee, preserves CU tax exemption (Thursday, November 16, 2017)
    The Senate Finance Committee tonight reported out the Republican tax bill, the Tax Cuts and Jobs Act. After four days of review, the credit union tax exemption remains untouched.
  • House-passed tax bill leaves CU exemption in place (Thursday, November 16, 2017)
    The House today passed the Republican tax bill, the Tax Cuts and Jobs Act (H.R. 1), with the credit union tax exemption fully intact. The bill now moves to the Senate.
  • Retail sales up 0.2% in October with widespread gains in most sectors (Thursday, November 16, 2017)
    Total retail sales increased 0.2 percent in October. NAFCU Research Assistant Yun Cohen noted widespread gains in most retail sectors but major declines in gasoline stations and building supplies stores.
  • Berger weighs in on Cordray stepping down (Thursday, November 16, 2017)
    CFPB Director Richard Cordray announced in an email to CFPB staff Wednesday that he plans to step down from his post before the end of the month. NAFCU President and CEO Dan Berger thanked Cordray for his service and encouraged future leadership to consider the unique and positive role credit unions play in the financial marketplace when creating new regulations.
  • WH heeds NAFCU's call for transparency in cybersecurity efforts (Thursday, November 16, 2017)
    The Presidential Cybersecurity Commission yesterday announced steps it is taking to increase transparency in its Vulnerabilities Equities Process (VEP). This is welcome news to NAFCU, a leading advocate for improved national data security standards that has urged clarification of the VEP's scope to better understand its impact on financial sector cybersecurity.
  • Consumer prices rise slightly in October (Thursday, November 16, 2017)
    Overall consumer prices rose 0.1 percent in October - down from the previous month's 0.5 percent increase. According NAFCU Vice President of Research and Chief Economist Curt Long, the muted growth was due to declining energy prices, which had soared after recent hurricanes.
  • NCUA budgets, OTR methodology slated for approval today (Thursday, November 16, 2017)
    The NCUA Board today is expected to adopt its overhead transfer rate (OTR) methodology, vote on the agency's 2018 and 2019 budgets and finalize its rule on corporate credit unions. Ahead of the meeting, NAFCU continued to encourage more efficiency in the agency's budgets, and fairness and accuracy in its OTR methodology.
  • CU reg relief measures pass committee, await House action (Thursday, November 16, 2017)
    The House Financial Services Committee approved of several regulatory relief bills that would help credit unions over the past couple of days, including the NAFCU-backed Mortgage Choice Act of 2017 (H.R. 1153). The bills now await action by the full House.
  • NAFCU outlines ways to bolster CU, SBA loan offerings (Thursday, November 16, 2017)
    NAFCU Senior Regulatory Affairs Counsel Michael Emancipator, in a letter sent to the Small Business Administration (SBA) Wednesday, outlined ways in which the agency can reduce its regulatory burden and help credit unions better serve their business members.
  • NAFCU reiterates call for CDFI funding, CFPB commission in approps bill (Thursday, November 16, 2017)
    NAFCU Vice President of Legislative Affairs Brad Thaler urged leaders of the Senate Financial Services and General Government (FSGG) Appropriations subcommittee Wednesday to include NAFCU-sought regulatory relief and funding provisions - such as a CFPB commission and full funding for Community Development Financial Institutions Fund - in the panel's fiscal 2018 spending bill.
  • 12345...Next