NCUA
chairman to address CUs at NAFCU's State of the Industry
NCUA
Chairman Rodney Hood will join NAFCU's State of the Industry virtual event
to provide credit unions with an update on how the agency is working to support
the industry amid the coronavirus pandemic and provide insights into lessons learned
from speaking with credit unions around the country.
NAFCU
reiterates CU priorities for coronavirus relief
In a letter to Senate
Majority Leader Mitch McConnell, R-Ky., and Minority Leader Chuck Schumer, D-N.Y.,
and the entire Senate, NAFCU President and CEO Dan Berger detailed what provisions
future coronavirus relief packages should include to ensure the credit union industry and its members can thrive.
5
things to know on coronavirus
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 related to the economy and
recent Fed actions, retirement investments, and more.
NAFCU's State of the Industry - A Virtual
Event
Get the data, trends and takeaways you need now to keep your
operations strong.
CFPB
releases info to ease LIBOR transition
The CFPB Thursday released several
resources and a notice of proposed rulemaking in an effort to ease the transition
away from the London Inter-bank Offered Rate (LIBOR) for consumers and regulated
entities. LIBOR is set to stop publishing after 2021 and the Secured Overnight
Financing Rate (SOFR) has been identified as its alternative.
NAFCU
asks NCUA to extend appraisal relief
Following the NCUA's interim
final rule allowing credit unions to defer the requirement to obtain an appraisal
or evaluation for up to 120 days following the closing of a transaction for certain
residential and commercial real estate transactions amid the coronavirus pandemic,
NAFCU's Kaley Schafer offered recommendations to further support that relief.
Demangone
on CUbroadcast: NAFCU's virtual event will help CUs build strategic plans
Joining CUbroadcast, NAFCU Executive Vice President and COO Anthony Demangone
shared reasons why the association's upcoming State of the Industry virtual
event is a must attend for credit unions.
New
on the Compliance Blog: NCUA exams, CFPB pandemic guidance, DEI efforts
As credit unions work to meet members' needs during the coronavirus pandemic
and start to restore normal operations, NAFCU's award-winning Regulatory
Compliance Team is continuing to keep the industry informed with new posts on
the Compliance Blog every Monday, Wednesday, and Friday.
Vehicle
sales show remarkable recovery in May
Total vehicle sales made a remarkable
recovery in May, climbing from April's rate of 8.7 million annualized units
to 12.2 million annualized units during the month. However, monthly sales levels
were down 29.8 percent versus May 2019.
