NAFCU
reiterates call to exclude CUs from small biz data collection rule
In response to the CFPB's outline of proposals to implement section 1071
of the Dodd-Frank Act requiring financial institutions to collect and report data
related to small business lending, NAFCU reiterated its call to exclude credit
unions from the rulemaking noting the member business lending constraints credit
unions face and the increased costs to implement the data collection.
Hauptman sworn into NCUA Board
NCUA Chairman Rodney Hood Monday swore in Kyle Hauptman to serve on the NCUA Board.
Hauptman's nomination to the board was approved by the Senate – via a 56-39
– vote earlier this month for a term running through August 2025.
NAFCU's
CU Industry Trends report shows strong share growth, stable loan growth in Q3
NAFCU's latest CU Industry Trends report revealed credit union share growth
remains at an all-time high on a year-over-year basis and loan growth remains
stable overall – heavily influenced by first mortgage real estate loans.
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NAFCU
monitoring for asset purchase update as FOMC begins 2-day meeting
The
Federal Open Market Committee (FOMC) – the Fed's monetary-policy setting
arm – begins its final meeting of 2020 today. While the committee is expected
to hold the federal funds target rate range at its current 0 percent to 0.25 percent
for the foreseeable future, NAFCU will monitor this week's meeting for an
update on the Fed's plans to increase its asset purchases.
Today:
Senior NAFCU leaders to give key updates, preview of 2021
NAFCU's
Q4 Member Webinar today will provide credit unions with important updates to finish
the year strong and serve as preview of what's in store for the industry
in 2021. NAFCU President and CEO Dan Berger will share insights alongside Executive
Vice President and COO Anthony Demangone, Executive Vice President of Government
Affairs and General Counsel Carrie Hunt, and NAFCU Services President Randy Salser.
FLASH
sale: Save 50% on NAFCU webinars
NAFCU's two-day webinar flash
sale begins today and features 50 percent off all paid webinars. Purchase of a
webinar gives your entire credit union access to the webinar for one year from
the original webinar date; there is no limit on how many webinars you may purchase with the promo code.
