Also: NAFCU reiterates need for CU tools, flexibilities in COVID relief; ECU Monitor highlights trends in branching, tech
NAFCU TODAY | The News You Need Daily.
March 23, 2021
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Key UDAAP considerations outlined in new issue brief [ [link removed] ]
Following the CFPB's rescission of its policy statement related to the "abusive" prong of the unfair, deceptive, or abusive acts or practices (UDAAP) provision, NAFCU has a new issue brief available to help credit unions understand the regulatory landscape and enforcement expectations under the bureau's authority in this area.
NAFCU reiterates call for CU tools, flexibilities ahead of HFSC hearing [ [link removed] ]
NAFCU's Brad Thaler Monday offered the credit union perspective ahead of a House Financial Services Committee hearing to examine the Treasury Department and Federal Reserve's pandemic response. Thaler called for the extension of several tools and flexibilities that will allow credit unions to continue to support their members and communities amid the coronavirus pandemic and beyond.
ECU Monitor: How COVID-19 has impacted branching [ [link removed] ]
A year into the coronavirus pandemic and in-person restrictions, NAFCU's new Economic & CU Monitor report – now available for download – provides insights into how the crisis has impacted credit unions' branch operations and member trends related to using online and mobile banking options.
Reg Compliance School back in action with mortgage, consumer loan rules [ [link removed] ]
NAFCU's Virtual Regulatory Compliance School resumes today with sessions focused on mortgage origination and consumer lending regulations. In addition, those working to obtain the prestigious NAFCU Certified Compliance Officer (NCCO) designation have more opportunities to take exams.
Existing-home sales fall in February; NAFCU expects demand to chase supply through 2021 [ [link removed] ]
Existing-home sales fell 6.6 percent in February to a seasonally-adjusted rate of 6.22 million units, representing a 9.1 percent increase in sales versus a year ago. In a new Macro Data Flash report, NAFCU's Curt Long noted supply is having a detrimental effect on the housing market, especially when it comes to less-expensive homes.
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