GSEs
to hold more capital; Berger stresses congressional coordination
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
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
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 "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."
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Risk,
compliance professionals strengthen knowledge at NAFCU seminars
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
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.
