Thursday, NAFCU Vice President of Regulatory Affairs Ann Petros and Senior Counsel for Research and Policy Andrew Morris met with Treasury Deputy Assistant Secretary for Financial Institutions Felton Booker and the agency’s financial institution policy team. During the meeting, the group discussed a variety of important credit union issues.
The NCUA Board meets next week and is expected to issue a proposed rule related to charitable donation accounts. While details of what the proposed rule would modify won’t be available until the meeting, in November, NAFCU and other organizations called on the NCUA to amend the definition of “qualified charity” in part 721.3 of the agency’s regulations to include 501(c)(19) veterans’ organizations.
NAFCU joined other financial services trades in a letter to the White House’s Office of Information and Regulatory Affairs (OIRA) in response to the CFPB’s request for approval under the Paperwork Reduction Act (PRA) of a proposed information collection, “Junk Fees Timing Study,” raising concerns about the bureau forgoing appropriate processes.
NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.
Existing home sales fell 3.4 percent in April to a seasonally adjusted annual rate of 4.28 million units. This represents a 23.2 percent decrease in sales versus a year ago. NAFCU’s Chief Economist and Vice President of Research Curt Long breaks down the report in a new NAFCU Macro Data Flash report.
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