NAFCU
shares core recommendations on subordinated debt
In response to the
NCUA's request for comment on its proposal to allow low-income credit unions
(LICUs), complex credit unions, and newly-formed credit unions to issue subordinated
debt that operates as regulatory capital, NAFCU Wednesday expressed support for
the proposal but urged the agency to reconsider the rule's complex procedural
requirements that could discourage investors and issuers.
NAFCU
recommends ways to increase CUs' service to women-, minority-owned businesses
Ahead of today's House Financial Services subcommittee hearing examining
the challenges that women- and minority-owned businesses may face when accessing
capital and financial services during the pandemic, NAFCU's Brad Thaler offered
support for the subcommittee's efforts to address these issues.
CUs
work through issues impacting industry on NAFCU Networks
NAFCU is proud
to offer member credit unions exclusive opportunities to connect with industry
professionals to develop strategies to grow, better serve members, and address
issues impacting operations. NAFCU Networks are a go-to source to get insights
into how institutions are adopting new practices and adjusting to changing regulations.
NAFCU's
Virtual BSA School
Earn your NCBSO and achieve a solid understanding
of core BSA regulations—all from your home or office.
House
subcommittee advances funding for CDFIs, CDRLF
The House Appropriations
Subcommittee on Financial Services and General Government (FSGG) Wednesday advanced
its version of the fiscal year 2021 FSGG bill, which included $273.5 million for
the Treasury's Community Development Financial Institutions (CDFI) Fund and
$2 million for the NCUA's Community Development Revolving Loan Fund (CDRLF).
