Also: Details of final PALs, bylaws, supervisory committee audit rules; 5 things CUs need to know



NAFCU TODAY | The News You Need Daily.

September 20, 2019



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FHFA makes official NAFCU's stance on fair pricing [ [link removed] ]
Following comments made by Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria at NAFCU's Congressional Caucus last week, the association's Government Affairs team has learned that the agency issued a directive to ensure the government-sponsored enterprises' (GSEs) end the practice of volume-based pricing discounts.


NCUA finalizes rules to reduce reg burden [ [link removed] ]
The NCUA Board Thursday finalized three rules that are intended to reduce credit unions' regulatory burden and allow the industry to better serve members. The rules, which were passed largely as proposed, will expand the agency's payday alternative loans (PALs) program, modernize portions of the federal credit union bylaws, and simplify supervisory committee audit requirements.


5 things CU leaders need to know [ [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 need-to-know news bits.






NAFCU-sought fix for SBA fees in short-term funding bill [ [link removed] ]
In a win for credit unions, the short-term funding bill passed by the House Thursday includes a NAFCU-sought appropriation for the Small Business Administration (SBA) that would avert a potential shutdown of the 7(a) program and eliminate the need to raise fees. NAFCU witness Gail Jansen raised concerns about the increased fees during congressional testimony earlier this year.


NAFCU urges NDAA committee to axe nominal lease provision [ [link removed] ]
Highlighting big banks' track record of consumer abuses and record-breaking profits, NAFCU Vice President of Legislative Affairs Brad Thaler urged the FY 2020 National Defense Authorization Act (NDAA) conference committee to remove a provision that would treat banks and credit unions on military installations the same when it comes to leases.


CFPB releases supervisory highlights [ [link removed] ]
The CFPB Thursday published the 19th edition of its supervisory activities, conducted between December 2018 and March 2019, which provides insights into auto loan origination, credit card account management, debt collection, furnishing, and mortgage origination.


NAFCU economist: Housing market recovering 'nicely' [ [link removed] ]
Acknowledging "sagging" home sales through the early part of this year, NAFCU Chief Economist and Vice President of Research Curt Long said "the housing market has recovered nicely" as existing-home sales grew 1.3 percent (seasonally adjusted) in August to 5.49 million units.



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