NAFCU
Board shares CU insights into COVID-19 response, trends with Fed's Bowman
The NAFCU Board of Directors and NAFCU President and CEO Dan Berger Tuesday held
a virtual meeting with Federal Reserve Board Governor Michelle Bowman to share
insights into the credit union industry and trends coming out of the coronavirus
pandemic. The meeting, which NAFCU has held annually with the Fed for almost three
decades, coincides with the association's release of its Report on Credit Unions – now available for download.
NAFCU's
Long to emphasize prudency, transparency during NCUA budget briefing
NAFCU Chief Economist and Vice President of Research Curt Long is set to testify
before the NCUA Board today on the agency's proposed 2021-2022 budgets. Long
will reiterate NAFCU's call for the agency to manage its budget in a way
that emphasizes prudency and transparency, while avoiding significant year-over-year budget increases.
Hill
update: Senate moves to confirm NCUA nominee, $908b relief package introduced
As lawmakers return to Washington this week, the Senate Tuesday took a major step
toward confirming Kyle Hauptman to the NCUA Board. The chamber voted 56-37 to
invoke cloture on the nomination, limiting it to 30 additional hour of consideration
before the final vote, which could happen as soon as today.
NAFCU's Virtual Strategic Growth Conference
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NAFCU's Virtual Strategic Growth Conference to gain forward thinking strategies
to help your CU thrive, not just survive.
CFPB
issues NAL as NAFCU calls for clarity under ECOA, Reg B
In response
to the CFPB's request for information (RFI) regarding the Equal Credit Opportunity
Act (ECOA) and Regulation B, NAFCU urged the bureau to provide additional clarity
and flexibility in efforts to "address today's virtual market for financial
services and help improve the efficacy of such outreach."
CFPB
approves 2 AOs after finalizing policy
The CFPB Monday finalized its
advisory opinions (AO) policy and announced two approved AOs that will be publicly
available on the bureau's website and published in the Federal Register.
NAFCU asked for AOs to be made publicly available to ensure they are easily accessible
following the launch of a pilot AO program.
Lawmakers
talk need for more relief with Powell, Mnuchin
As several coronavirus
pandemic-related relief provisions are set to expire at the end of the month,
members of the Senate Banking Committee discussed the need for additional relief
with Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin
during a hearing Tuesday. Of note, supporting small businesses and ensuring underserved
communities are not left behind were key topics.
Defining
a career path, CU financial management, more on today's MLI agenda
The second day of NAFCU's Virtual Management and Leadership Institute begins
today with a session on the basics of financial management at a credit union and
features two interactive panels and additional sessions on several leadership hot topics.
