This week, NAFCU kicks off its CEOs and Senior Executives Conference in Charleston, S.C., where attendees will network, exchange ideas, and work together to solve common challenges. Meanwhile, NAFCU’s Advocacy Team will monitor several hearings tackling topics of note for credit unions and will continue to ensure industry priorities are top of mind for lawmakers.
NAFCU Vice President of Regulatory Affairs Ann Petros wrote to the Environmental Protection Agency (EPA) requesting the agency to clarify that credit unions can “participate in grant opportunities under the Greenhouse Gas Reduction (GHGR) Fund before issuing the Notice of Funding Opportunity (NOFO).”
NAFCU Senior Regulatory Affairs Counsel Aminah Moore wrote to the Federal Housing Finance Agency (FHFA) Friday to provide feedback on the FHFA’s proposal to amend several provisions in the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs).
NAFCU Chief Economist and Vice President of Research Curt Long appeared on CNBC to discuss how consumer spending makes up nearly 70% of the economy and if that remains high, a recession may not materialize.
President Joe Biden Friday announced the nomination of Philip Jefferson for Vice Chair of the Federal Reserve Board of Governors. Jefferson is a current member of the Board of Governors and, if confirmed, would succeed Lael Brainard as Vice Chair and serve for the remaining four years of his term.
NAFCU member credit unions still have time to submit their entries for the association's 2023 Annual Awards Competition. The deadline for nominations has been extended until Friday at 11:59 p.m. Eastern.
