Berger
defends CU-bank mergers, blasts bankers' misleading claims
NAFCU
President and CEO Dan Berger, on Friday, rebuked the American Bankers Association's
latest attempt to mislead congressional leaders and regulators on bank-credit
union mergers in a letter to lawmakers.
This
week: NAFCU engaged as NCUA Board meets, Harper testifies, FASB hosts CECL roundtable
The House and Senate are in session this week and NAFCU will continue its advocacy
on several issues under consideration in Congress, including related to the true
lender rule, tax reporting requirements, debt collection, interchange, postal banking, and more.
New
NAFCU Network insight post outlines updates on the CFPB’s QM rule
In a new post on the NAFCU Compliance, Risk & BSA Network, NAFCU’s Kaley
Schafer provides an update on the CFPB’s general qualified mortgage (QM) rule,
first published in December. The mandatory compliance date of the rule was recently
delayed from July 1, 2021 to Oct. 1, 2022.
There's still time!
Nominate
a top-notch employee or volunteer for a NAFCU Annual Award. Your credit union's
unsung heroes deserve recognition.
NAFCU
details Fed proposals related to interchange regulation, account payment services
NAFCU Friday sent members two new Regulatory Alerts breaking down updates from
the Federal Reserve: the first detailing a proposal to make changes to Regulation
II, which focuses on the prohibition concerning network routing exclusivity, and
the second breaking down a request for comment on a set of proposed guidelines
the Federal Reserve Banks will use when evaluating requests for accounts and payments services.
Retail
sales flat in April; NAFCU expects steady growth in 2021
Total retail
sales remained stable in April following March's upwardly revised spike of
10.7 percent. Of note, the February number was downwardly revised to a 2.9 percent slide.
