Fed
cuts rates amidst coronavirus continuation, signals market support
The Federal Reserve cut interest rates by 50 basis points Tuesday in efforts to
mitigate the potential economic effects of the coronavirus, also referred to as
COVID-19. The federal funds target rate is now set at a range of 1 to 1.25 percent.
Thaler
to lawmakers: Fully fund the CDFI program
Ahead of a House Committee
on Appropriations subcommittee hearing on the Treasury Department's FY2021
Financial Services and General Government budget request, NAFCU Vice President
of Legislative Affairs Brad Thaler urged the subcommittee to fully fund the Community
Development Financial Institutions (CDFI) Fund at its current levels or above.
In the proposed budget, the Trump Administration recommends eliminating the CDFI Fund.
DoD’s
latest interpretive rule explained in Compliance Blog
The Department
of Defense (DoD) last week issued a third interpretative rule for its Military
Lending Act (MLA) regulations that reverts language for Question No. 2 to guidance
originally issued in 2016. NAFCU Vice President of Regulatory Compliance Brandy
Bruyere breaks down what this means for credit union operations and how it adds
to clarification in a new post on the Compliance Blog.
Time is running out to enter!
Nominate your
CU for a NAFCU Annual Award by 3/6
The
NAFCU Journal: Explore fraud prevention, payment modernization, modern CUs
The March-April edition of The NAFCU Journal is now available online and features
articles to provide credit unions with insights on how to protect against fraud,
new payment technologies and how credit unions can adapt and compete in the 21st century marketplace.
Growth
strategies, nontraditional lending wrap up Strategic Growth Conference
Today is the last day of NAFCU’s Strategic Growth Conference and attendees will
end the conference learning how to encourage growth within their credit union
and reevaluate nontraditional lending options.
2020 NAFCU Board elections begin
NAFCU's 2020 board election cycle is now open with five director positions
available – three at-large positions and one position each for the Southern
and Western Regions. Three incumbents are seeking re-election.
.jpg)
