NAFCU
offers recommendations, insights on NCUA's RBC proposal
In response
to the NCUA's advanced notice of proposed rulemaking (ANPR) related to simplification
of risk-based capital (RBC) requirements, NAFCU's Andrew Morris detailed
the association's recommendations and offered support for the agency's
efforts to reconsider the 2015 RBC rule – currently scheduled to take effect in 2022.
NAFCU
calls on Congress to overturn OCC's 'true lender' rule
NAFCU Vice President of Legislative Affairs Brad Thaler Monday called on senators
to support a resolution to use the Congressional Review Act to nullify the Office
of the Comptroller of the Currency's true lender rule. The chamber could vote on the resolution this week.
NAFCU,
trades flag burden of additional tax reporting requirements
Ahead of
a Senate Finance subcommittee hearing today to examine tax evasion and noncompliance,
NAFCU joined with several other financial services industry trades to flag concerns
with a possible new tax reporting requirement included under the American Families Plan Act.
There's
still time!
Nominate a top-notch employee or volunteer for a NAFCU
Annual Award. Your credit union's unsung heroes deserve recognition.
Virtual
summit looks to help CUs capitalize on lending technology
Blend –
a NAFCU Services Preferred Partner specializing in digital lending – is hosting
a complimentary virtual summit next week to help financial institutions capitalize
on technology trends to strengthen consumer relationships, lending platforms, and strategies.
Consumer
credit rises for 7th straight month in March
Total consumer credit
rose 7.4 percent, at a seasonally-adjusted, annualized rate, in March and is up
0.9 percent versus a year ago. Revolving credit, which is primarily credit cards,
rose 7.9 percent during the month but is down 9 percent compared to March 2020.
NCUA
issues 1 prohibition notice in April
The NCUA in April issued one prohibition
notice, prohibiting an individual previously associated with credit unions from
any future participation in the affairs of a federally-insured financial institution.
