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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.

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  • FHFA: No change in house prices in January (Thursday, March 23, 2017)
    The Federal Housing Finance Agency reported that U.S. house prices were flat in January, according to its House Price Index. However, on a year-ago basis, house prices in January were up 5.7 percent.
  • Existing-home sales drop 3.7% in February (Thursday, March 23, 2017)
    Existing-home sales declined 3.7 percent in February due in part to the lack of available homes, which created upward pressure on prices, according to NAFCU Research Assistant Yun Cohen.
  • House to vote on ACA replacement today (Thursday, March 23, 2017)
    The House of Representatives will vote today on the Republican plan to repeal and replace the Affordable Care Act, also called "Obamacare."
  • NAFCU seeks members' input on 'alternative data' for credit access (Thursday, March 23, 2017)
    NAFCU issued a Regulatory Alert Wednesday seeking members' input for a CFPB review of how to expand access to credit for consumers who lack the credit history needed to obtain credit scores. Comments are due to NAFCU by May 9.
  • NAFCU to DoD: Delay MLA credit card compliance deadline (Thursday, March 23, 2017)
    NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt urged the Defense Department Wednesday to extend the Oct. 3 compliance deadline under Military Lending Act rules for credit card accounts.
  • Sen. Rounds tells bankers to leave CU tax exemption alone (Thursday, March 23, 2017)
    Sen. Mike Rounds, R-S.D., a member of the Senate Banking Committee, urged bankers to drop their lobbying against credit unions' tax exemption during an American Bankers Association meeting in Washington yesterday.
  • Hensarling says action on Dodd-Frank reform this year (Thursday, March 23, 2017)
    House Financial Services Chairman Jeb Hensarling, R-Texas, on Wednesday said the White House and leaders in Congress have assured him there will be action this year on reform of the Dodd-Frank Act, Reuters reported.
  • NAFCU's Board Conference sold out; Hawaii board program open (Wednesday, March 22, 2017)
    NAFCU's Board of Directors and Supervisory Committee Conference, May 1-4 in Charleston, S.C., has recently sold out, but credit unions can still take advantage of the Board Excellence Program during NAFCU's 50th Annual Conference and Solutions Expo June 13-16 in Honolulu, Hawaii.
  • Berger, in CUInsight, advocates for CFPB commission (Wednesday, March 22, 2017)
    NAFCU President and CEO Dan Berger says one way to cut down on the "avalanche of regulation from the CFPB" is to change its structure from a single director of a five-person commission in a CUInsight editorial published Tuesday.
  • Trump administration to make GSE reform a priority (Wednesday, March 22, 2017)
    Mark Calabria, chief economist for Vice President Mike Pence, with whom NAFCU met earlier this month, reportedly said Tuesday that overhauling Fannie Mae and Freddie Mac is a priority for the Trump administration.
  • NAFCU welcomes joint EGRPRA report (Wednesday, March 22, 2017)
    NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt welcomed the joint banking agency report released Tuesday on efforts to reduce the regulatory burden for financial institutions.
  • Stone to Congress: Reg burden hurts CUs, communities (Wednesday, March 22, 2017)
    Keith Stone, president and CEO of The Finest Federal Credit Union in New York, N.Y., testified about the constraints of the credit union chartering process and how the overall regulatory burden is hurting credit unions and their communities during a House subcommittee hearing Tuesday.
  • ECU Monitor: CUs note importance of secondary mortgage market (Tuesday, March 21, 2017)
    NAFCU's latest Economic & CU Monitor report on housing, sent to members yesterday, notes that a significant number of credit unions continue to participate in the secondary mortgage market, with more than half of respondents selling mortgage loans to Fannie Mae, Freddie Mac or both.
  • NAFCU urges FHFA research, transparency on chattel loan pilot initiatives (Tuesday, March 21, 2017)
    NAFCU's Ann Kossachev on Monday asked that the Federal Housing Finance Agency "diligently evaluate" the chattel loan market before it requires Fannie Mae and Freddie Mac to decide whether to pursue a pilot program and that it be transparent in implementing such a program.
  • NAFCU Cybersecurity Committee talks NIST, fintech (Tuesday, March 21, 2017)
    NAFCU's Cybersecurity and Payments Committee will meet today to discuss proposed updates to the National Institute of Standards and Technology cybersecurity framework and recent developments related to fintech companies.
  • Foster is NCUA's Public and Congressional Affairs director (Tuesday, March 21, 2017)
    The NCUA on Monday named Bob Foster as its new director of the Office of Public and Congressional Affairs.
  • NAFCU testifies today on CU chartering, reg relief (Tuesday, March 21, 2017)
    Keith Stone, president and CEO of The Finest Federal Credit Union in New York, N.Y., will testify on behalf of NAFCU today on the need for regulatory relief and the challenges faced by newly chartered financial institutions.
  • NAFCU to DoL: Exempt CUs from fiduciary rule (Monday, March 20, 2017)
    NAFCU fully supports the 60-day delay in implementation of the Labor Department's fiduciary duty rule and on Friday urged the department to revoke the rule or, at the very least, exempt credit unions.
  • This week: NAFCU testifies on Capitol Hill, meets with FCC, more (Monday, March 20, 2017)
    NAFCU is on Capitol Hill and at regulatory agencies this week, advocating for credit unions' best interests at the federal level and working in pursuit of a more positive regulatory environment for the industry.
  • NAFCU welcomes CFPB review of remittance rule (Monday, March 20, 2017)
    The CFPB announced Friday it is seeking comments on its plan to assess its remittance rule. NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt noted NAFCU's concerns about the rule's highly burdensome compliance costs for credit unions.
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