Also: NAFCU, trades urge agencies to delay review pending QM rulemaking; City of Miami drops FHA lawsuits



NAFCU TODAY | The News You Need Daily.

February 4, 2020



----------

----------

Coronavirus: Are your business continuity plans up to date? [ [link removed] ]
As health officials analyze reports of coronavirus cases as the flu season continues, NAFCU is encouraging credit unions to revisit or update their business continuity plans to ensure continuous operation of critical systems in case of a disaster or emergency. Last week, U.S. officials declared the coronavirus outbreak a public health emergency.


NAFCU, trades ask agencies to pause review ahead of QM rulemaking [ [link removed] ]
NAFCU, along with 36 organizations representing the financial services, real estate finance, housing, consumer affairs, and civil rights sectors, sent a letter to six agencies asking them to delay their current review of certain provisions of the Credit Risk Retention Rule.


City of Miami dismisses pending FHA lawsuits [ [link removed] ]
The City of Miami, last Thursday, voluntarily dismissed lawsuits against Bank of America, Wells Fargo, Citigroup, and JPMorgan Chase, in which the city alleged discriminatory practices under the Fair Housing Act (FHA) that indirectly harmed the city, resulting in lost property tax revenue and increased municipal expenses. The case had been pending before the Supreme Court.


NAFCU's 2020 Advocacy Priorities. Because to us, it's personal. Read Advocacy Priorities [link removed]



FHFA updates minimum financial eligibility requirements [ [link removed] ]
The Federal Housing Finance Agency (FHFA) Friday announced proposed updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Services. The new requirements will also apply to servicing for Ginnie Mae mortgages and non-depository financial institutions.


New Fed survey reveals stable loan demand and performance [ [link removed] ]
The Federal Reserve's fourth-quarter senior loan officer opinion survey (SLOOS) revealed that banks entered the year expecting relatively stable loan demand and performance, despite some anxieties related to subprime consumer loans.


6 CUs to pay $2K over late Q2 call reports [ [link removed] ]
On Monday, the NCUA announced that six credit unions will pay penalties totaling $2,259 for filing late call reports in the second quarter of 2019.



----------



----------






----------
NAFCU Calendar: [link removed]





----------








--------------------------------------------

JOIN THE CONVERSATION:
LINKEDIN: [link removed]
FACEBOOK: [link removed]
TWITTER: [link removed]
YOUTUBE: [link removed]
BLOGS: [link removed] ]
---------------------------------------------
Send feedback [ mailto:[email protected] ]
Subscribe now to NAFCU Today [ [link removed] ]
Opt out of NAFCU Today? [ [link removed] ]
Update your communication preferences [ [link removed] ]
Unsubscribe to ALL of NAFCU's emails. [ [link removed] ]

NAFCU Today? is published weekdays by the National Association of Federal Credit Unions.

3138 10th Street North | Arlington, VA 22201 | email: [email protected] [ mailto:[email protected] ] | phone: (703) 522-4770; (800) 344-5580

?




Powered by Higher Logic [link removed]