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NAFCU is now America's Credit Unions.

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January 8, 2024

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This week: Congress returns, fiduciary rule hearing scheduled ([link removed] )

With Congress back in Washington, D.C., America’s Credit Unions will engage with lawmakers for the first time as a strong, united national trade association. The advocacy team will be active on Capitol Hill, providing updates on the new organization and advancing credit union priorities. America’s Credit Unions will also engage in several hearings this week, including: America’s …

CFPB opens 2023 HMDA filing period ([link removed] )

The CFPB Thursday announced that the filing period for Home Mortgage Disclosure Act (HMDA) data collected in 2023 is open. The bureau noted that “[s]ubmissions will be considered timely if received on or before Friday, March 1, 2024.” Credit unions can access the HMDA platform to file their data. Credit unions can test their submissions …

CFPB spotlight examines student loan payment resumption challenges ([link removed] )

The CFPB issued a report Friday identifying challenges faced by borrowers with federal student loan payments resuming after a three-year pause due to the COVID-19 pandemic. The issue spotlight highlights: NCUA issued a letter to credit unions (23-CU-08) in October encouraging credit unions to work “constructively with impacted borrowers,” and noting NCUA “will not criticize …

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