Continued
tightening of lending standards, weak demand revealed in Fed survey
The Federal Reserve's third-quarter senior loan officer opinion survey (SLOOS)
revealed banks' continued tightening of standards and weakening demand for loans to consumers.
NAFCU
Network Spotlight: Q&A with Oklahoma's CU's Laura Beth Dawson
Over the next several weeks, NAFCU Today will be giving credit unions an inside
look at each of the seven NAFCU Networks – offered complimentarily to member
credit union professionals – via a Q&A with a network member. Today's
feature on the Compliance, Risk & BSA Network comes from Oklahoma's Credit
Union Risk Manager Laura Beth Dawson, who is also a NAFCU Certified Compliance
Officer (NCCO). See why Dawson encourages all compliance professionals to join the network.
NAFCU's
growth, advocacy efforts featured in Business View Magazine
Since 2013,
NAFCU's membership has grown by over 40 percent and the association now represents
54 percent of the credit union industry's assets. NAFCU President and CEO
Dan Berger sat down with Business View Magazine for an in-depth Q&A to discuss
the association's keys to success and support of credit unions.
Last chance to get NAFCU's
2020 CU Compliance Roadmap!
The must-have, electronic resource
for credit union compliance professionals is only available for a few more days.
FHFA
approves Classic FICO for GSE use
The Federal Housing Finance Agency
(FHFA) Tuesday validated and approved the Classic FICO credit score model for
use by the government-sponsored enterprises (GSEs). NAFCU is supportive of regulatory
and legislative efforts to allow for the use of alternative models in order to
bring more competition among credit score providers in the mortgage market, which
will benefit unbanked and underbanked consumers.
NCUA's
Hood gives agency update during Senate testimony, will appear before House today
During an appearance before the Senate Banking Committee Tuesday, NCUA Chairman
Rodney Hood gave an update on the NCUA's response to the coronavirus pandemic,
highlighting that the agency is focused on the effects of loan payment forbearance,
loan delinquencies, and modifications on credit union liquidity. Hood testified
as part of a panel with other banking regulators to discuss oversight of financial regulators.
Fed
approves 2021 fees for priced services
The Federal Reserve Board has
approved the fee schedules for payment services the Federal Reserve Banks provide
to depository institutions in 2021. The changes are estimated to result in a 2.4
percent average price increase across their services.
CUs:
Share insights on NCUA exam modernization
As the NCUA considers future
exam modernization, credit unions are encouraged to share their insights on the
agency's current virtual and offsite exam processes by participating in this
month's Economic & CU Monitor survey.
