Also: NAFCU at FHFA for update on chattel lending; What association's watching in Washington



NAFCU TODAY | The News You Need Daily.

February 5, 2020



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NAFCU committee shares taxi medallion analysis with NCUA [ [link removed] ]
NAFCU's Share Insurance, Liquidity and Development Fund Oversight Committee (SIF Committee) – in a letter yesterday to NCUA Chairman Rodney Hood – shared its analysis regarding the NCUA's "stewardship of taxi medallion loans acquired through the resolution of credit unions which held such loans in high concentrations."


NAFCU at FHFA on manufactured housing issues as agency works to end conservatorships [ [link removed] ]
NAFCU Director of Regulatory Affairs Ann Kossachev met Tuesday at the Federal Housing Finance Agency (FHFA) to discuss the agency's efforts to address housing needs in underserved markets, specifically manufactured housing. The meeting, focused on chattel lending, featured FHFA Director Mark Calabria, senior FHFA staff, and other stakeholders.


See what NAFCU's watching in Washington [ [link removed] ]
As the industry's Washington Watchdog, NAFCU keeps close tabs on everything going on at the federal level that could impact credit unions. Of note, the association last night monitored President Donald Trump's State of the Union address to glean insights into what's coming down the pike and today will track the Senate's vote to potentially end the impeachment trial.


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



What to know about NCUA's forced-placed insurance requirements [ [link removed] ]
In the latest Compliance Blog post, NAFCU Regulatory Compliance Counsel Reginald Watson dives into what credit unions need to know about forced-placed insurance under the NCUA's flood insurance rules.


NAFCU seeks CUs' input on subordinated debt, member savings [ [link removed] ]
Last month, the NCUA Board proposed a rule that would allow low-income credit unions, complex credit unions, and newly-formed credit unions to issue subordinated debt for the purpose of regulatory capital treatment. While NAFCU reviews the rule, the association is seeking member feedback on this issue and more in the January edition of NAFCU’s Economic & CU Monitor.


Vehicle sales overcome hurdles for January rise [ [link removed] ]
Total vehicle sales increased to a rate of 16.8 million annualized units in January – up 0.8 percent from last year. Of note, strong light truck sales beat expectations and offset a decrease in car sales.



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