Also: Berger recommends an increase to FCU interest rate ceiling ahead of NCUA Board meeting; CUs, NAFCU meet with Rep. Sanchez



NAFCU TODAY | The News You Need Daily.

June 24, 2021



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FHFA Director Calabria removed following SCOTUS decision [ [link removed] ]
Following the U.S. Supreme Court's decision to uphold part of a lower court ruling that the Federal Housing Finance Agency's (FHFA) structure is unconstitutional under the separation of powers doctrine because the agency's lone director is insufficiently accountable to the president, the White House removed FHFA Director Mark Calabria from his position. Calabria was appointed to the position in 2019 by President Donald Trump.


Berger recommends an increase to FCU interest rate ceiling ahead of NCUA Board meeting [ [link removed] ]
NAFCU President and CEO Dan Berger wrote to the NCUA Wednesday to recommend the board consider increasing the interest rate ceiling above the current 18 percent during today's NCUA Board meeting – the interest rate ceiling was listed as an item to be considered on the agenda.


CUs, NAFCU meet with House Ways and Means Committee Member Sanchez [ [link removed] ]
NAFCU-member credit unions from California, including Bourns Employees Federal Credit Union, Camino Federal Credit Union, F&A Federal Credit Union, Kinecta Federal Credit Union, and NuVision Federal Credit Union Wednesday joined NAFCU President and CEO Dan Berger and members of the association’s advocacy team for a meeting with House Ways and Means Committee Member Rep. Linda Sanchez, D-Calif. During the virtual meeting, the group discussed a number of key topics including protecting the credit union tax exemption and reporting requirements included in President Joe Biden's fiscal year 2022 budget proposal.






Today: NAFCU's State of the Industry complimentary virtual event [ [link removed] ]
Today, join NAFCU's award-winning staff, industry experts and fellow credit union executives and board members from around the country for NAFCU's State of the Industry complimentary virtual event. The association has leveraged virtual technology to deliver the data, trends, and key takeaways that are necessary for the industry to move forward beyond the coronavirus pandemic.


NAFCU urges House to overturn harmful true lender rule [ [link removed] ]
NAFCU’s Brad Thaler Wednesday wrote to the House in anticipation of today’s vote to call for support of a resolution to overturn the Office of the Comptroller of the Currency's (OCC) true lender rule using the Congressional Review Act (CRA). Last month, the Senate voted in favor of repealing the rule.


New home sales faced another setback in May [ [link removed] ]
New home sales dipped 5.9 percent from April's downwardly revised rate of 817,000 annualized units to 769,000 units in May. Sales were up 9.2 percent versus May 2020. NAFCU's Curt Long analyzes the data and notes new home sales faced another setback in May in a new Macro Data Flash report.



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