NAFCU
details what possible election outcomes mean for CUs
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
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
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.
Advance your career as a credit union
leader—fast
NAFCU's Virtual Management and Leadership Institute
sold out the last 3 years!
Fed
holds rates; NAFCU expects recovery to slow in coming months
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
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.
