Hauptman confirmed to NCUA Board
The Senate Wednesday approved the nomination of Kyle Hauptman to serve on the
NCUA Board; the nomination was cleared by a 56-39 vote. NAFCU President and CEO
Dan Berger personally connected with Hauptman following the vote to congratulate him on his confirmation.
Long
to NCUA: Budget increases not necessary to adapt, innovate
During yesterday's
NCUA Board 2021-2022 budget briefing, NAFCU Chief Economist and Vice President
of Research Curt Long thanked the board for its budget transparency and stakeholder
engagement, and encouraged the agency to "continue to find ways of adapting
to the changing environment and transitioning to new supervision and examination
methods that do not result in significant year-over-year budget increases."
Beige
Book shows slowing economic activity
The Federal Reserve's Beige
Book released Wednesday revealed most districts saw modest or moderate economic
expansion in economic activity; however, four districts reported little or no
growth. Of note, five narratives highlighted that activity remains below pre-pandemic levels for at least some sectors.
NAFCU's Virtual
Strategic Growth Conference
Attend NAFCU's Virtual Strategic Growth
Conference to gain forward thinking strategies to help your CU thrive, not just
survive.
FHFA
further extends GSEs' foreclosure, eviction moratorium
The Federal
Housing Finance Agency (FHFA) has extended its moratorium on foreclosures and
evictions to Jan. 31, 2021. The policy applies to government-sponsored enterprise
(GSE)-backed single-family mortgages and GSE-owned properties.
NAFCU
Network Spotlight: Q&A with Members 1st of NJ FCU's Marya Cabatingan
NAFCU's inside look at its seven complimentary, member-only networks continues
today with a Q&A featuring Members 1st of New Jersey Federal Credit Union
Marketing and Business Development Specialist Marya Cabatingan. As credit unions
face unprecedented challenges, Cabatingan touts the responsiveness and innovativeness
of Marketing & Growth Network members to help solve problems. See what else she had to say about the network.
Mnuchin,
Powell discuss CARES Act relief provisions during HFSC testimony
Federal
Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin testified before
the House Financial Services Committee Wednesday to discuss the oversight of the
Treasury and the Fed’s pandemic response and implementation of CARES Act provisions.
Under the CARES Act, the Treasury Department has coordinated implementation of
the paycheck protection program (PPP) with the Small Business Administration and
the Fed created and expanded several lending facilities, while also using its
available tools to their fullest potential, with support from the Treasury.
MLI
concludes with sessions on digital, marketing, group project presentations
NAFCU's Virtual Management and Leadership Institute will continue today with
sessions on digital transformation, the essentials of credit union marketing,
and more. The conference will conclude tomorrow with group project presentations
where attendees will tie in all they have learned throughout the week.
