NAFCU: SBA’s 7(a) lending rules ‘miss the mark’

As the House Small Business Committee is set to hold another hearing today focused on recent rules that modify the Small Business Administration’s (SBA) 7(a) lending program, NAFCU Vice President of Legislative Affairs Brad Thaler reiterated the association’s concerns with the changes.

Harper illustrates CU industry stability for Congress

The House Financial Services Committee provided oversight of the federal financial regulators Tuesday, with NCUA Chairman Todd Harper testifying to the stability of the credit union industry. Harper detailed the agency’s recent efforts to strengthen the industry and detailed several requests for Congress.

NAFCU responds to FHFA’s single-family social bond policy

NAFCU Senior Regulatory Affairs Counsel Aminah Moore wrote to the Federal Housing Finance Agency (FHFA) in response to the agency’s request for information (RFI) regarding Fannie Mae and Freddie Mac’s – the government-sponsored enterprises (GSEs) – single-family social bond policy. Moore expressed NAFCU’s support for the creation of a single-family social bond policy, while offering additional remarks and suggestions to the FHFA.

NAFCU Members: Deadline extended for 2023 NAFCU Annuals!

Hurry – Nominations have been extended to Friday, May 19, 2023. Winners will be selected from two asset size ranges: CUs with up to $500M in assets and those above. There are four nomination categories: CEO of the Year, Professional of the Year, Volunteer of the Year, and Credit Union of the Year. 

CFPB’s CU council meets today on bank failures, relationship banking

The CFPB’s Credit Union Advisory Council (CUAC) – which includes several representatives from NAFCU member credit unions – holds a combined meeting today with the bureau’s Community Bank Advisory Council. CFPB Director Rohit Chopra is set to participate in the discussion with other bureau officials and members from the councils.

Retail sales see slow, choppy growth in April

Total retail sales increased 0.4 percent in April following 0.7 percent declines in each of the prior two months. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report.