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  • NAFCU Praises Another Win For Credit Unions over ADA (Friday, February 23, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to another win for credit unions facing litigation over unclear website requirements under the Americans with Disabilities Act (ADA). A federal district court in Virginia found that the plaintiff to such a lawsuit did not have standing to sue the credit union because he was not eligible for membership and would not likely use the credit union's services.
  • NAFCU, CUNA Call Out Bankers in Joint Letter to Hatch (Wednesday, February 21, 2018)
    The National Association of Federally-Insured Credit Unions (NAFCU) and the Credit Union National Association (CUNA) today in a joint letter to Senate Committee on Finance Chairman Orrin Hatch defended the credit union industry's tax exemption status, stating that recent information propagated by state bank associations criticizing this status is erroneous. The joint letter, which was also sent to members of the Senate, comes in response to a letter 52 state bank associations directed to Chairman Hatch.
  • NAFCU Presses House Panel on Data Security Principles, National Standard Ahead of Hearing (Wednesday, February 14, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler in a letter yesterday to the House Financial Services Committee, Subcommittee on Financial Institutions and Consumer Credit shared the association's data security principles and further explained that the increasing number of data breaches demonstrates the need for a national data security standard for all entities that hold or collect consumers' personal financial information – similar standards to those upheld by financial institutions.
  • NAFCU Raises Concerns to the CFPB on Free Credit Score Rulemaking (Monday, February 12, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Andrew Morris in a letter today to the Consumer Financial Protection Bureau (CFPB) cautioned the bureau against pursuing a rulemaking that would compel credit unions to offer free credit scores as it could restrict credit unions' flexibility in what products and services they offer to members.
  • NAFCU Praises House Passage of Mortgage Choice Act (Thursday, February 8, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to the House passage of the NAFCU-backed Mortgage Choice Act (H.R. 1153), which would adjust Truth in Lending Act (TILA) mortgage rules by exempting from the qualified mortgage cap on points and fees any affiliated title charges and escrow charges for taxes and insurance.
  • NAFCU Releases Data Security Principles Ahead of Senate Hearing (Monday, February 5, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler in a letter today to the Senate Commerce Committee, Subcommittee on Consumer Protection, Product Safety, Insurance, and Data offered the association's data security principles that credit unions would like to see addressed in comprehensive cyber and data security legislation ahead of a subcommittee hearing tomorrow that will examine a 2016 data breach that occurred at ride-sharing company Uber.
  • NAFCU Urges FTC to Review Rise in ADA Lawsuits (Friday, February 2, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Regulatory Compliance Brandy Bruyere in a letter yesterday to the Federal Trade Commission (FTC) urged the agency to look into the recent surge of lawsuits and demand letters unfairly targeting credit unions due to unclear website accessibility requirements under the Americans with Disabilities Act (ADA).
  • NAFCU Chief Economist Curt Long Statement on January Jobs Report (Friday, February 2, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department’s January employment report, released this morning.
  • NAFCU Defends Credit Unions in Letter to Chairman Orrin Hatch (Wednesday, January 31, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt today sent a letter to Senate Finance Committee Chairman Orrin Hatch, R-Utah, in response to his letter to National Credit Union Administration (NCUA) Chairman J. Mark McWatters. Chairman Hatch, in his letter, questioned the validity of the credit unions' federal tax exemption.
  • NAFCU and DCUC Take MLA Compliance Challenges to Defense Dept (Wednesday, January 31, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger and Defense Credit Union Council (DCUC) President and CEO Anthony Hernandez today wrote to the Department of Defense (DoD) detailing the compliance challenges associated with the DoD's explanation of guaranteed acceptance protection (GAP) insurance housed within the Military Lending Act (MLA) rule. This insurance is addressed in question-and-answer No. 2 from the DoD's 2016 interpretive rule amendments released last month.
  • NAFCU Reacts to U.S. Court of Appeals Decision on CFPB's Constitutionality (Wednesday, January 31, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today responded to the U.S. Court of Appeals for the D.C. Circuit decision to uphold the Consumer Financial Protection Bureau's (CFPB) constitutionality in the PHH Corp. lawsuit against the bureau – reversing the court's opinion from 2016.
  • NAFCU Sends Letter to Senate Banking Committee on Housing Finance Reform (Tuesday, January 30, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt today wrote to Senate Banking Committee Chairman Mike Crapo, R-Idaho and Senate Banking Committee Ranking Member Sherrod Brown, D-Ohio offering support for the Federal Housing Finance Agency's (FHFA) views on housing finance reform.
  • NAFCU Supports FCC Focus on Bad Actors, Calls for More Transparency (Tuesday, January 23, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Ann Kossachev today in a letter to the Federal Communications Commission (FCC) reiterated the associations' support of the agency's efforts to target illegal robocalls and urged more clarity and flexibility so credit unions can contact their members without fear of violating the Telephone Consumer Protection Act (TCPA).
  • NAFCU Promotes Chad Adams to Director of Political Affairs (Monday, January 22, 2018)
    The National Association of Federally-Insured Credit Unions (NAFCU) has promoted Chad Adams, (formally NAFCU's senior associate director of legislative affairs) to the position of NAFCU Director of Political Affairs effective immediately. In this role, Adams will oversee the NAFCU/PAC, organize the association's grassroots efforts and manage its political strategy.
  • In First Testimony of 2018, NAFCU Weighs in on SBA's 7(a) Loan Program (Wednesday, January 17, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) representative Sonya McDonald, executive vice president and chief lending officer of Randolph-Brooks Federal Credit Union in Live Oak, Texas, is expected to deliver the following prepared remarks at today's House Small Business hearing entitled, "Strengthening SBA's 7(a) Loan Program," which will begin at 11 a.m. Eastern.
  • NAFCU Offers IRS Three Ways to Improve Deferred-Compensation Plans (Wednesday, January 17, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today in a letter to Internal Revenue Service (IRS) Acting Commissioner David Kautter reiterated credit unions' concerns over the new tax law's employer-paid 21 percent excise tax on executive compensation of more than $1 million. Berger asked the IRS to look into ways to make the change less impactful to the credit union industry.
  • NAFCU Letters to Congress Seek BSA Improvements, Regulatory Relief (Tuesday, January 9, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler sent two letters to Capitol Hill leaders yesterday highlighting the association's views on Bank Secrecy Act and anti-money laundering (BSA/AML) requirements and support of two bills focusing on reducing credit unions' regulatory burden.
  • NAFCU Chief Economist Curt Long Statement on December Jobs Report (Friday, January 5, 2018)
    National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department’s December employment report, released this morning.
  • NAFCU's 2018 Top Priorities Strengthen Watchdog Focus, Promote Credit Union Growth (Thursday, January 4, 2018)
    Championing the credit union industry's best interests in the year ahead, the National Association of Federally-Insured Credit Unions (NAFCU) will sharpen its focus as a federal government watchdog through its 2018 advocacy priorities. These priorities, announced today, include supporting a regulatory environment that allows credit unions to grow and achieving appropriate, meaningful regulatory relief.
  • NAFCU Requests NCUA Make Changes to Capital Planning, Stress Tests (Thursday, January 4, 2018)
    In response to the National Credit Union Administration's (NCUA) proposed rule on capital planning and supervisory stress testing, National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Andrew Morris today issued a letter recommending the NCUA work to increase transparency and flexibility. In the letter, Morris identifies key areas NAFCU believes the NCUA should consider in an effort to help credit unions continue to grow.
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