Also: Association makes recommendations to House committees on small biz, credit reporting ahead of hearings



NAFCU TODAY | The News You Need Daily.

May 26, 2021



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NAFCU gathers industry leaders, launches ONES + CFPB Supervision Network at Large CU Summit [ [link removed] ]
NAFCU hosted its Large Credit Union Summit Tuesday, which brought together several member credit union leaders to talk about the most important issues affecting their institutions and industry. In addition, the group heard from CFPB and NCUA representatives.


NAFCU recommends more ways to ensure maximum efficacy of small biz programs [ [link removed] ]
The House Small Business Committee today is holding an oversight hearing to examine the Small Business Administration’s (SBA) COVID-19 relief programs and consider next steps to further support small businesses. Ahead of the hearing, NAFCU's Brad Thaler sent a letter on how to strengthen the PPP and other small business lending programs.


NAFCU cautions against 'unintended consequences' of credit reporting changes [ [link removed] ]
Ahead of today's House Financial Services subcommittee hearing on consumer credit reporting, NAFCU's Brad Thaler highlighted the importance of accurate credit reporting – for consumers and financial institutions – but cautioned lawmakers on making changes in an attempt to provide relief amid the coronavirus pandemic that could have "unintended consequences."






NAFCU Board election ballots sent today; Grinnell reelected to board [ [link removed] ]
The official ballots for voting in NAFCU's 2021 board election are being sent to members today. The deadline for returning the ballots is June 9.


ECU Monitor explores impact of climate-related events on CU portfolios [ [link removed] ]
NAFCU's new Economic & CU Monitor report – now available for download – takes a look at the impact of climate-related events on credit union portfolios, as the impact of climate change on the economy and financial system has become a more visible risk management consideration for financial regulators.


Despite decline in April, new-home sales remain strong [ [link removed] ]
​New home sales dipped 5.9 percent from March's downwardly revised rate of 917,000 annualized units to 863,000 units in April. Sales were up 51.4 percent versus April 2020, according to data in a new Macro Data Flash report.

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