Berger
outlines CU response to coronavirus, how Congress can help
NAFCU President
and CEO Dan Berger, in letters to President Donald Trump and Congress Tuesday,
shared how credit unions are prioritizing the health and safety of members and
employees and providing financial assistance in the wake of the coronavirus, as
well as how lawmakers can strengthen these efforts.
Would
your CU issue or invest in subordinated debt?
NAFCU is currently seeking
feedback from member credit unions on the NCUA's proposal to allow low-income
credit unions (LICUs), complex credit unions, and newly-formed credit unions to
issue subordinated debt for the purpose of regulatory capital treatment. The issue
of subordinated debt was included on the NCUA's fall rulemaking agenda and
NAFCU has long advocated for a subordinated debt rule that allows all credit unions to grow.
Free
NAFCU webinar to help CUs prep pandemic plans
NAFCU is offering a free
webinar next week to help credit unions determine their institution's readiness
to handle a pandemic as the threat of the coronavirus increases. Financial regulators
recently released pandemic preparedness guidance and have also encouraged financial
institutions to be ready to help consumers who experience financial hardships as a result of the virus.
NAFCU 2020
Vendor Directory
Easily find the right solution providers for your
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Get
insider updates on litigation, 2020 elections, more in March 31 member call
From banker attacks, to subordinated debt, to business continuity and more, NAFCU's
Q1 Member Call-In happening March 31 will provide member credit unions with key
updates on important credit union regulatory and legislative issues, as well as
litigation risks facing the industry. NAFCU President and CEO Dan Berger will
be joined on the call – set to begin at 4 p.m. Eastern – by Executive Vice President
of Government Affairs and General Counsel Carrie Hunt and other senior staff.
Senators
question Kraninger on QM proposal, MLA authority
CFPB Director Kathy
Kraninger, while testifying before the Senate Banking Committee Tuesday, provided
updates on efforts related to amending the definition of a qualified mortgage
(QM) and potential expiration of the government-sponsored enterprise (GSE) patch,
as well as the bureau's authority under the Military Lending Act (MLA).
