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 encourages grassroots action on Senate reg relief bill (Tuesday, December 12, 2017)
    NAFCU is encouraging those in the credit union industry to contact their senators to urge support of regulatory relief legislation that includes several NAFCU-backed provisions, including one to provide relief under the member business lending (MBL) cap and certain Home Mortgage Disclosure Act (HMDA) disclosure requirements.
  • Fed meets today on rates; hike expected (Tuesday, December 12, 2017)
    The Federal Open Market Committee (FOMC), the Federal Reserve's monetary policy-setting arm, begins a two-day meeting today that is widely expected to conclude with a quarter-point rate hike.
  • NAFCU to Fed: Play an 'operational role' in payments (Tuesday, December 12, 2017)
    NAFCU's Dan Berger and Carrie Hunt on Monday attended a meeting with Federal Reserve Bank of Kansas City President and CEO Esther George, and other Fed representatives, to discuss the payments system.
  • NAFCU's reg committee to talk ADA concerns, CFPB outlook (Tuesday, December 12, 2017)
    NAFCU's Regulatory Committee will meet today to discuss various issues affecting the credit union industry, including heightened litigation risks under the Americans with Disabilities Act (ADA) and the association's outlook on CFPB actions now that the bureau is under new leadership.
  • House panel to consider NAFCU-backed RBC repeal bill, others today (Tuesday, December 12, 2017)
    The House Financial Services Committee today begins its mark-up of more than a dozen bills, among them a NAFCU-backed bill to repeal the NCUA's risk-based capital rule (RBC) now set to take effect Jan. 1, 2019, and others addressing examination fairness and use of consumers' identification cards.
  • Consumer credit up 6.5% in October; spike led by revolving credit (Monday, December 11, 2017)
    Total consumer credit rose 6.5 percent in October - the fastest growth pace seen since last November. NAFCU Chief Economist and Vice President of Research Curt Long said in a NAFCU Macro Data Flash report Friday that this growth was led by revolving credit.
  • NAFCU's Long: Jobs report 'solid,' keeps Fed on track for rate hike (Monday, December 11, 2017)
    NAFCU Chief Economist and Vice President of Research Curt Long said Friday's jobs report - with 228,000 jobs gained in November - keeps the Federal Open Market Committee (FOMC) on track to raise rates this month.
  • NAFCU-sought bill to stop RBC rule in mark-up tomorrow (Monday, December 11, 2017)
    The House Financial Services Committee will mark-up more than a dozen bills tomorrow, including one that would stop the NCUA's risk-based capital rule (RBC) from going into effect on Jan. 1, 2019. Last week, a NAFCU witness testified before a House panel on the negative impact the rule will likely have on the credit union industry.
  • This week: Mark-up on NAFCU-sought RBC rule repeal; NCUA, FOMC meet (Monday, December 11, 2017)
    NAFCU's advocacy operation will be in full swing this week, promoting credit unions' interests on Capitol Hill as a House-Senate conference committee meets to reconcile tax-reform bills and the House Financial Services Committee conducts a mark-up that will include a NAFCU-sought bill to repeal the NCUA's risk-based capital rule (RBC).
  • New Monitor outlines FCRA requirements, 2017 reg changes (Monday, December 11, 2017)
    In the newest Compliance Monitor, now available for download, NAFCU Regulatory Compliance Counsel Reginald Watson outlines the key rules of the Fair Credit Reporting Act (FCRA) that credit unions must follow and the CFPB's focus in enforcing the act's "furnisher rule."
  • NAFCU invited to join new global blockchain alliance (Friday, December 8, 2017)
    NAFCU yesterday announced its partnership with Enterprise Ethereum Alliance (EEA), becoming the first non-profit financial services trade association to join the alliance. EEA is the world's largest open-source blockchain initiative, providing research and technology development in a range of areas beneficial to credit unions, including privacy, confidentiality, scalability and security.
  • November sees positive bump in Americans' home buying sentiment (Friday, December 8, 2017)
    Fannie Mae's November national housing survey revealed "fairly stable consumer home-buying attitudes": The share of Americans who believe "now is a good time to buy a home" increased 7 percentage points from October, and those who believe "now is a good time to sell" increased 4 percentage points.
  • NIST releases updated draft of cyber framework (Friday, December 8, 2017)
    The National Institute of Standards and Technology (NIST) published an updated draft of its cybersecurity framework this week. In line with NAFCU's position, the draft places more emphasis on using external data sources to inform risk management.
  • House, Senate approve 2-week funding to avert government shutdown (Friday, December 8, 2017)
    The House and Senate yesterday passed a two-week funding measure to keep the federal government open until Dec. 22. The measure now awaits the president's signature.
  • Emergency merger rule on NCUA Board agenda (Friday, December 8, 2017)
    The NCUA Board will seek to finalize the agency's emergency merger proposal during its open board meeting Thursday, Dec. 14, according to its agenda released yesterday.
  • FHA to stop insuring mortgages with PACE assessments (Friday, December 8, 2017)
    The Federal Housing Administration (FHA) announced Thursday that it will no longer insure new mortgages that include Property Assessed Clean Energy (PACE) assessments. NAFCU had long advocated for reining in PACE loans over consumer protection concerns.
  • Following NAFCU testimony, bill to stop RBC rule set for Tuesday mark-up (Friday, December 8, 2017)
    NAFCU witness Brian Ducharme yesterday urged members of a House Financial Services subcommittee to support legislation, which is now scheduled for mark-up next week, to stop the NCUA's risk-based capital rule (RBC) from taking effect on Jan. 1, 2019.
  • NAFCU releases updated FFIEC cybersecurity assessment tool workbook (Thursday, December 7, 2017)
    NAFCU has released an updated version of its interactive workbook to help member credit unions save time and get faster results when using the Federal Financial Institutions Examination Council’s (FFIEC) Cybersecurity Assessment Tool. The updated workbook reflects changes the council made to its tool in June.
  • FinCEN launches new program to fortify information sharing (Thursday, December 7, 2017)
    The Financial Crimes Enforcement Network (FinCEN) has launched a new program aimed at enhancing public-private information sharing to help financial institutions better identify risks. FinCEN Exchange, part of the Treasury Department's objective to strengthen its anti-money laundering framework, is a voluntary program with no new regulatory requirements.
  • GAO: CFPB indirect auto lending bulletin should be subject to Congress' review (Thursday, December 7, 2017)
    The U.S. Government Accountability Office (GAO), in a report this week, said the CFPB's 2013 bulletin regarding indirect auto lending issued is a "rule" and should have been submitted to Congress for review - arguably rendering the bulletin ineffective.
  • 12345...Next