Newsroom
NAFCU shares housing finance reform principles ahead of hearing
Ahead of today's Senate Banking Committee hearing examining housing finance reform, NAFCU Vice President of Legislative Affairs Brad Thaler sent a letter noting the importance of a legislative solution prior to any administrative action.
"Congressional action is the only way to ensure key elements from NAFCU’s Housing Finance Reform Principles, such as guaranteed access for community financial institutions, fair pricing based on quality and not quantity of loans sold, and a level playing field allowing institutions of all sizes to compete, are included in reforms," said Thaler. "Furthermore, any major changes should come gradually, so as not to disrupt the market."
Treasury Secretary Steven Mnuchin, Department of Housing and Urban Affairs Secretary Ben Carson, and Federal Housing Finance Agency (FHFA) Director Mark Calabria will testify at the hearing.
Last week, the White House finalized plans from the Treasury Department to reform the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, proposing to release them from federal control.
Previously, FHFA Director Mark Calabria agreed with NAFCU during a June meeting that final housing finance reform plans need to ensure fair pricing and equal access to lenders of all size – the Treasury's plan supports legislation to do that.
Tomorrow, credit union leaders will hear directly from Calabria at NAFCU's Congressional Caucus. Senate Banking Committee Ranking Member Sherrod Brown, D-Ohio, will also address attendees.
Share This
Related Resources
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Add to Calendar 2024-04-11 14:00:00 2024-04-11 14:00:00 Regulation E: Impacts Across Your Institution Dive into regulatory excellence with, Regulation E: Impacts Across Your Institution. This webinar is tailored to empower you with the knowledge and strategies necessary to effectively implement the Electronic Funds Transfer Act (EFTA) and Regulation E within your operations. You’ll explore how to apply Regulation E across various business areas to ensure compliance obligations are met with precision. Key Takeaways Learn the basics of EFTA and Regulation E Understand how to apply Regulation E at your organization to detect processes and transactions that require Regulation E compliance Discover how Regulation E may apply to a large breath of areas in your institutions and functions for which you may rely on third-party vendors Review recent enforcement activity for non-compliance with EFTA and Regulation E Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 11, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Regulation E: Impacts Across Your Institution
Credits: NCCO, NCRM
Webinar
Get daily updates.
Subscribe to NAFCU today.