Berger
to NCUA Board: A variable interest rate expands possibilities for CUs
In response to the NCUA's decision to extend the 18 percent loan interest
rate ceiling until Sept. 10, 2021, NAFCU President and CEO Dan Berger urged NCUA
Board Chairman Rodney Hood and board members Todd Harper and Mark McWatters to
explore the adoption of a variable interest rate, and encouraged the board to
publish an advanced notice of proposed rulemaking (ANPR). An ANPR for the rate
ceiling is listed on the NCUA’s Fall Rulemaking agenda.
4
things CU leaders need to know
NAFCU's widely-read NAFCU Today
is credit union leaders' go-to source for the latest on issues impacting
the credit union industry. For those short on time, here's a roundup of this week's need-to-know news bits:
Regulation
E disclosures explored in latest Compliance Blog
NAFCU Senior Regulatory
Compliance Counsel Jennifer Aguilar dives into Regulation E disclosures – specifically
highlighting types of electric fund transfers (EFTs) and fees – in a new post on the Compliance Blog.
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on any NAFCU Online Training Subscription
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7 to get $300 off
U.S
economy grew in Q4 despite trade and geopolitical 'uncertainty'
The U.S. economy grew by 2.1 percent in the fourth quarter, remaining unchanged
from its third quarter pace, according to the Commerce Department's initial
GDP estimate. NAFCU Chief Economist and Vice President of Research Curt Long attributed
this growth to consumer spending, despite a modest slow, and trade and residential investment.
