NAFCU
committee shares taxi medallion analysis with NCUA
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
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
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.
Last Week
to Save $300 on NAFCU Online Training Subscriptions
Use Code NEWYEAR
by Friday to get $300 off
What
to know about NCUA's forced-placed insurance requirements
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
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
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.
