NAFCU
Regulatory Alert highlights HUD's proposed rule
NAFCU Monday sent
a Regulatory Alert to its members seeking comment on the Department of Housing
and Urban Development’s (HUD) proposed rule that would amend its disparate impact
rule under the Fair Housing Act (FHA).
Compliance
Blog explores NCUA's hemp-banking guidance
NAFCU's Vice President
of Regulatory Compliance Brandy Bruyere discusses the NCUA's recently released
interim guidance regarding how federally insured credit unions can provide certain
financial services to legally operating hemp business in a new post on the Compliance
Blog. The regulatory alert was the first guidance offered by the agency.
FEMA
publishes strategy on mitigating natural disasters
The Federal Emergency
Management Agency (FEMA) earlier this month released the National Mitigation Investment
Strategy (NMIS). FEMA describes it as “a single national strategy for advancing
mitigation investment to reduce risks posed by natural hazards (for example, sea
level rise, droughts, floods, hurricanes, tornados, wildfires, earthquakes) and
increasing the nation’s resilience to natural hazards.”
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New
Home Sales see sharp fall in July
July’s new home sales (635,000
units) saw a 12.8 percent decline after a large upward revision to estimated June
sales (728,000 units). The market has been volatile recently due to the countervailing
effects of declining mortgage rates and increasing economic uncertainty.
