Also: Harper details reg approach, risks on horizon; Chairwoman Waters, other reps discuss issues facing FIs



NAFCU TODAY | The News You Need Daily.

September 12, 2019



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Calabria tells Berger FHFA wants to keep pricing safeguards in housing finance reform [ [link removed] ]
NAFCU President and CEO Dan Berger – on stage at NAFCU's Congressional Caucus with hundreds of credit union leaders in the audience – questioned Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria on the agency's expectations for housing finance reform now that the Treasury Department and Department of Housing and Urban Development (HUD) have released their plans.


NCUA's Harper warns NAFCU members of risks facing CU industry [ [link removed] ]
NCUA Board Member Todd Harper addressed the crowd of hundreds of credit union leaders at NAFCU's Congressional Caucus Wednesday, explaining his perspective on the agency's approach to regulation, priorities, and risks related to liquidity, consumer debt, and the growing federal deficit.


Waters, HFSC members stand by CUs, share updates on key issues at Caucus [ [link removed] ]
On the final day of NAFCU's Congressional Caucus, House Financial Services Committee Chairwoman Maxine Waters, D-Calif., and a host of key members from the committee pledged to stand by credit unions in the fight to keep the industry's tax exemption intact and many called to halt the current expected credit loss (CECL) standard.






Sens. Brown, Peters highlight importance of CUs at Caucus [ [link removed] ]
Ranking Members Sherrod Brown, D-Ohio, and Gary Peters, D-Mich., of the Senate Banking Committee and the Senate Homeland Security and Governmental Affairs Committee, respectively, described the important role credit unions play in their communities and nation as a whole as they discussed issues during the last day of NAFCU's Congressional Caucus.


Fox News' Stirewalt calls on CUs to help bridge America's political divide [ [link removed] ]
"Ask for kindness, wherever you are and whatever you do," said Chris Stirewalt, Fox News' digital politics editor and political analyst, at NAFCU's Congressional Caucus Wednesday. Stirewalt addressed this year's attendees with a speech about political divisiveness in the media and the need for unity within our communities, stating that credit unions can help change things for the better.


$3.7M seized, 281 arrested in coordinated BEC operation [ [link removed] ]
The Department of Justice (DOJ) announced this week that the U.S., in conjunction with international law enforcement authorities, disrupted a series of business email compromise (BEC) schemes that were designed to intercept and hijack wire transfers from businesses and individuals.



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