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  • NAFCU Offers Recommendations to NCUA on Regulatory Reform (Monday, November 20, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Senior Regulatory Affairs Counsel Michael Emancipator today in a letter to the National Credit Union Administration (NCUA) offered ways in which the agency can reprioritize its regulatory reform efforts.
  • NAFCU's Cybersecurity Industry Survey Reveals Equifax Damage (Monday, November 20, 2017)
    Today, the National Association of Federally-Insured Credit Unions (NAFCU) released a November Economic & CU Monitor that reveals a staggering majority of credit unions fear another Equifax-like breach is on the horizon, with 20 percent reporting they have reissued cards in order to protect members' financial information following the breach.
  • NAFCU Vigilant as House Bill Leaves Credit Union Tax 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. In response, National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today issued the following statement.
  • NAFCU Outlines Five Ways SBA Can Reduce Regulatory Burden (Thursday, November 16, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Senior Regulatory Affairs Counsel Michael Emancipator provided the Small Business Administration (SBA) five ways in which the agency can reduce its regulatory burden and help credit unions better serve their business members.
  • NAFCU Supports Changes to CFPB's Mortgage Servicing Rules (Wednesday, November 15, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Ann Kossachev today wrote to the Consumer Financial Protection Bureau (CFPB) in support of amendments made to Regulation X to resolve the timing issue for providing modified written early intervention notices to borrowers who have invoked their “cease communication” rights under the Fair Debt Collection Practices Act (FDCPA). In the letter, Kossachev said NAFCU and its member credit unions support the change because it will provide more flexibility to servicers complying with the 180-day timing requirement for providing such notices.
  • Cordray Announces He is Stepping Down; NAFCU CEO Responds (Wednesday, November 15, 2017)
    Consumer Financial Protection Bureau (CFPB) Director Richard Cordray today announced in an email to CFPB staff he plans to step down from his post before the end of the month. In response, National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today issued the following statement.
  • NAFCU Says Reg Relief Bill is Step in Right Direction (Monday, November 13, 2017)
    Senate Banking Committee Chairman Mike Crapo, R-Idaho, today unveiled a bipartisan regulatory relief deal with several Democratic colleagues that includes a NAFCU-backed bill exempting loans for one-to-four-unit, non-owner-occupied dwellings from the credit union member business lending (MBL) cap and another providing relief from certain Home Mortgage Disclosure Act (HMDA) disclosure requirements.
  • NAFCU Asks NCUA to Use 'Good Faith Efforts' Policy on HMDA Compliance (Thursday, November 9, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Director of Regulatory Affairs Alexander Monterrubio has asked the NCUA to adopt a "good faith efforts" examination policy, similar to the CFPB, regarding compliance with the Home Mortgage Disclosure Act (HMDA) given the significant challenges the rule has created for credit unions.
  • NAFCU Urges DOJ to Address ADA Concerns (Thursday, November 9, 2017)
    In a letter sent to U.S. Attorney General Jeff Sessions, National Association of Federally-Insured Credit Unions (NAFCU) reiterated the assoication's support of efforts to ensure individuals with disabilities are not discriminated against and have equal access to financial services.
  • NAFCU to Senate: Companies Must be Financially Liable for Data Breaches (Wednesday, November 8, 2017)
    Ahead of today's Senate Commerce, Science, and Transportation Committee hearing on protecting consumers from data breaches, National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler sent a letter reiterating NAFCU's call for a stronger national data security standard and to urge that negligent companies – rather than consumers or credit unions – are liable for losses.
  • CFPB's Cordray Talks Reg Reform with NAFCU Board (Tuesday, November 7, 2017)
    Consumer Financial Protection Bureau (CFPB) Director Richard Cordray will be at National Association of Federally-Insured Credit Unions (NAFCU) headquarters today for a meeting with the association's board of directors to discuss various regulatory issues affecting the credit union industry, including the Home Mortgage Disclosure Act (HMDA), overdraft, and unfair, deceptive, or abusive acts or practices (UDAAP).
  • NAFCU Releases Annual Report on the State of Credit Unions (Tuesday, November 7, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) today released its 2017 NAFCU Report on Credit Unions. The report (attached) shows, among other things, that credit unions are expanding their offerings for members despite increasing regulatory burdens.
  • NAFCU Asks FCC for Clarity, Exemptions as Credit Unions Fear TCPA Violations (Monday, November 6, 2017)
    Today, National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Ann Kossachev urged the Federal Communications Commission (FCC) to clarify language in the Telephone Consumer Protection Act (TCPA) in order to ease the compliance burden many credit unions face when trying to contact their members.
  • Credit Union Tax Exemption Remains Safe as Tax Reform Proceeds (Friday, November 3, 2017)
    The credit union tax exemption remains safe as House Ways and Means Committee Chairman Kevin Brady, R-Texas, today released the chairman's mark of the bill, which will be the text used when the committee begins reviewing the legislation Monday during mark-up.
  • NAFCU Chief Economist Curt Long Statement on October Jobs Report (Friday, November 3, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department’s October employment report, released this morning.
  • NAFCU Statement on Powell Nomination as Federal Reserve Board Chair (Thursday, November 2, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement today regarding President Donald Trump's nomination of current Federal Reserve Board Governor Jerome Powell to serve as the next Federal Reserve Board chair.
  • House Republicans Unveil Tax Bill; Credit Union Exemption Untouched (Thursday, November 2, 2017)
    House Republican leaders today introduced their tax reform bill, which, as urged by the National Association of Federally-Insured Credit Unions (NAFCU), leaves the credit union tax exemption intact. NAFCU is examining the bill for any additional impacts on credit unions.
  • NAFCU Joins White House for Signing of CFPB Arbitration Rule Repeal (Wednesday, November 1, 2017)
    Invited by the White House, National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today observed President Donald Trump's signing of the congressional joint resolution to overturn the CFPB's final arbitration rule. The association was the only credit union trade group in attendance.
  • NAFCU Testifies on Data Security, Serves as Industry Lead (Wednesday, November 1, 2017)
    Debra Schwartz, National Association of Federally-Insured Credit Unions (NAFCU) Board treasurer and president and CEO of Mission Federal Credit Union in San Diego, Calif., is scheduled to deliver the following prepared remarks during today's hearing, "Data Security: Vulnerabilities and Opportunities for Improvement," by the House Financial Services Subcommittee on Financial Institutions and Consumer Credit.
  • NAFCU’s Berger and Thaler Named Top Lobbyists for 2017 (Wednesday, November 1, 2017)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger and Vice President of Legislative Affairs Brad Thaler were named top association lobbyists for 2017 by The Hill, a daily newspaper covering Congress and Washington, D.C. This is the 15th consecutive year that Berger was named to the list and the 10th year for Thaler.
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