Also: NCUA's Hood, NAFCU discuss top CU concerns, priorities; 4 non-election things to know



NAFCU TODAY | The News You Need Daily.

November 6, 2020



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NAFCU details what possible election outcomes mean for CUs [ [link removed] ]
Leaders of NAFCU's award-winning government affairs team Thursday provided credit unions with insights into how the power structure of Congress and regulatory agencies could be impacted by the outcomes of the 2020 election. In addition, NAFCU's Carrie Hunt published a new op-ed in CUInsight touting credit unions' position for success heading into a new year and congressional session.


NAFCU, NCUA Chairman Hood discuss CU concerns, priorities [ [link removed] ]
NAFCU President and CEO Dan Berger and NCUA Chairman Rodney Hood Thursday discussed credit union concerns and priorities on a number of key issues, including the agency's recently announced ACCESS initiative, the National Credit Union Share Insurance Fund (NCUSIF), credit unions' capitalization of interest on loan modifications, and more. NAFCU Executive Vice President and General Counsel Carrie Hunt, Director of Regulatory Affairs Ann Kossachev, and Senior Regulatory Counsel Elizabeth LaBerge also joined the call.


4 non-election things to know this week [ [link removed] ]
The 2020 elections dominated news coverage this week – and will likely continue to do so as votes in a handful of states are still being counted and potentially challenged – but there are a few non-election items that credit unions should be aware of. Here's a roundup of what you might've missed.






Fed holds rates; NAFCU expects recovery to slow in coming months [ [link removed] ]
The Federal Open Market Committee (FOMC) Thursday maintained the federal funds target rate at its current range of 0 to 0.25 percent. The committee indicated it plans to maintain this range until it achieves maximum employment and "inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time."


This week on the Compliance Blog: 2021 annual meetings, the latest from Nacha, CFPB debt collection rule [ [link removed] ]
As credit unions work to meet the needs of more than 122 million Americans during the coronavirus pandemic, NAFCU's award-winning Regulatory Compliance Team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.



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