This
week: CU priorities top of mind as NAFCU's bold advocacy continues
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
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
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.
Last Chance to Register!
Virtual Board of Directors and Supervisory Committee Conference starts next
week. Will your board be there?
March
jobs report stronger than anticipated; NAFCU expects strong recovery in 2021
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.
