Proposed
rule on capitalization of interest, board briefings on NCUA agenda
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
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
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.
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.
Berger
in Morning Consult: Bipartisan reforms will unite our nation
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
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.
