NAFCU President and CEO Dan Berger and CUNA President and CEO Jim Nussle set the record straight on the credit union industry’s tax-exempt status and difference, combatting a recently published Wall Street Journal op-ed by Tax Foundation President Emeritus and Senior Policy Adviser Scott Hodge that had several inaccuracies and misleading claims.
President Joe Biden Thursday nominated Tanya Otsuka to the NCUA Board, who would replace NCUA Board Member Rodney Hood as his term expired in August. The announcement came along with three others nominated to serve in his Administration.
The NCUA Board held its September meeting yesterday where the board approved a final rule on financial innovation. The rule clarifies the NCUA’s regulations and allows credit unions more flexibility to use advanced technology for loan originations, indirect lending, and more.
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The CFPB Thursday announced an outline of proposals under consideration for the bureau’s rulemaking effort related to the Fair Credit Reporting Act (FCRA). NAFCU is engaged with regulatory and legislative efforts to ensure a fair and accurate credit reporting system.
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.
A new edition of NAFCU’s BSA Blast is now available on the association’s website in its user-friendly digital format with direct links to each section. The third quarter issue features articles from NAFCU’s award-winning Compliance Team on payroll tax evasion and worker compensation fraud schemes, an overview on suspicious activity reports (SARs), and more.
NAFCU's CFO Summit concluded yesterday in Las Vegas, closing out a lineup of industry professionals and finance experts who shared actionable information, best practices, and insights into trends to help attendees meet their credit unions’ goals.
Existing home sales fell 0.7 percent in August to a seasonally-adjusted annual rate of 4.04 million units, representing a 15.3 percent decrease in sales versus a year ago. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report.
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