From NAFCU Today <[email protected]>
Subject Berger calls for safeguards as GSEs rebuild capital
Date October 1, 2019 11:02 AM
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Also: NAFCU makes grassroots push to protect CU tax status; Out-of-state lending risks in new blog



NAFCU TODAY | The News You Need Daily.

October 1, 2019



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GSEs to hold more capital; Berger stresses congressional coordination [ [link removed] ]
The Federal Housing Finance Agency (FHFA) and Treasury Department announced Monday that the government-sponsored enterprises (GSEs) will be allowed to retain more than their current $3 billion in capital: $25 billion for Fannie Mae and $20 billion for Freddie Mac. NAFCU's Dan Berger offered the association's general support in a letter to the agencies, but reiterated the need for legislative solutions to ensure safeguards in housing finance reform.


NAFCU's Adams: Educate lawmakers on the CU difference [ [link removed] ]
As the House and Senate are in their home districts and states for a two-week recess, NAFCU Director of Political Affairs Chad Adams is encouraging credit unions to join NAFCU in its advocacy efforts and urge Members of Congress to protect the credit union tax exemption.


Compliance Blog: Out-of-state loans are a risk-based decision [ [link removed] ]
In a new Compliance Blog post, NAFCU Regulatory Compliance Specialist Alma Calcano tackles issues credit unions may face when providing loans to members in other states. She notes that there are not any NCUA regulations preventing credit unions from doing so, but &quot;this would be a risk-based business decision for a credit union to make, based on its own risk appetite and the complexity of its operations.&quot;






Risk, compliance professionals strengthen knowledge at NAFCU seminars [ [link removed] ]
NAFCU's top-rated Regulatory Compliance Seminar and sold-out Risk Management Seminar kick off today in Savannah, Ga. Both seminars provide credit union professionals with key updates on regulatory trends, challenges, and solutions to ensure their institutions can effectively address compliance concerns and mitigate risk.


NCUA bans 7 from future work in FIs [ [link removed] ]
The NCUA in September issued five prohibition notices and two prohibition orders, which prohibit individuals previously associated with credit unions from any future participation in the affairs of a federally insured financial institution.



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