After a strong bipartisan showing in the House to pass the debt ceiling deal Wednesday evening, the Senate followed suit Thursday night and approved the legislation 63-36. The bill now heads to President Joe Biden to enact before the U.S. is expected to hit the debt limit Monday.
The NCUA and five other federal regulators are seeking comment on a proposed rule related to automated valuation models (AVMs) that NAFCU had called on the NCUA to prioritize. The agencies indicated the rule is “designed to ensure the credibility and integrity of models used in real estate valuations.”
The CFPB Thursday released an Issue Spotlight analyzing deposit insurance coverage and reminding consumers of potential risks for funds stored through nonbank payment providers, such as Venmo, PayPal, and Cash App.
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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.
On the latest episode of NAFCU’s Credit Union Policy Podcast (CUPP), host NAFCU Vice President of Regulatory Affairs Ann Petros is joined by Early Warning Services COO José Resendiz for a discussion about the current state of the payments system – including a deep dive into the history and growth of Zelle and its use among credit unions.
The NCUA has declared June as Minority Depository Institution (MDI) Awareness Month to enhance understanding of the work MDI credit unions perform in underserved communities across the country.
NAFCU’s Annual Conference: Engage 2023 is less than a month away. Credit unions still have time to register for the industry’s premier conference for engaging with thought leaders and experts on credit union growth, AI, payments, workforce, and more.
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