Also: Chairman Hood details state of SIF during testimony; 4 things CUs need to know this week
NAFCU TODAY | The News You Need Daily.
November 13, 2020
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Proposed rule on capitalization of interest, board briefings on NCUA agenda [ [link removed] ]
The NCUA Board next week is set to issue a proposed rule on capitalization of interest and will receive two board briefings. Earlier this year, NAFCU Board of Directors Chair Debra Schwartz and NAFCU's Regulatory Committee called on the NCUA to "act quickly to issue an interim final rule (IFR) permitting credit unions to capitalize interest" when it comes to troubled debt restructurings (TDRs) and loan modifications.
NCUA’s Hood reiterates 'no need' for SIF premium during House testimony [ [link removed] ]
NCUA Chairman Rodney Hood testified before the House Financial Services Committee Thursday as part of a panel with other banking regulators to discuss oversight of financial regulators. During the hearing, Hood reiterated his stance that the share insurance fund (SIF) remains strong and that there is no need to assess a premium at this time.
4 things to know this week [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know news related to the FHFA's loan forbearance policy, NAFCU's recent advocacy, and more.
Berger in Morning Consult: Bipartisan reforms will unite our nation [ [link removed] ]
With Congress set to tackle several key issues in the months ahead - including negotiations on another coronavirus relief package - NAFCU President and CEO Dan Berger penned an editorial in Morning Consult calling on policymakers to pass bipartisan reforms that would empower credit unions to serve their members.
This week on the Compliance Blog: CFPB debt collection rule, annual adjustments [ [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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