Also: NAFCU supports QM delay, flags GSE patch issue; Learn about Hudson Valley CU's financial literacy efforts
NAFCU TODAY | The News You Need Daily.
April 5, 2021
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This week: CU priorities top of mind as NAFCU's bold advocacy continues [ [link removed] ]
While the House and Senate are out this week, NAFCU's advocacy team continues to fight for industry priorities and the association will continue to keep credit unions informed of key regulatory and legislative updates. Of note this week, NAFCU plans to meet with the NCUA on several industry issues. Stay tuned to NAFCU Today for updates after the meetings.
NAFCU offers support for QM delay, flags GSE patch concern [ [link removed] ]
NAFCU offered its support of the CFPB's proposed rule to delay mandatory compliance with its general qualified mortgage (QM) definition, which replaces the debt-to-income (DTI)-based calculation with one based upon an average prime offer rate (APOR), in a letter sent Friday. In addition, NAFCU President and CEO Dan Berger raised the issue to Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria related to credit unions' use of the temporary government-sponsored enterprises (GSE) QM loan (GSE patch).
Financial Literacy Month: Hudson Valley CU uses partnerships to enhance offerings [ [link removed] ]
April is Financial Literacy Month and NAFCU is putting a spotlight on member credit unions that are making a difference in their communities' financial awareness. Today, learn how Hudson Valley Credit Union (Poughkeepsie, N.Y.) leverages partnerships to enhance their outreach and ensure local youth have a solid foundation to make smart financial decisions through various life stages.
March jobs report stronger than anticipated; NAFCU expects strong recovery in 2021 [ [link removed] ]
The Bureau of Labor Statistics revealed non-farm payrolls increased 916,000 in March, with the unemployment rate dipping to 6 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report.
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