Also: NAFCU-backed resolution to overturn true lender rule approved by House; NCUA Chairman Harper, Berger one-on-one chat at SOTI



NAFCU TODAY | The News You Need Daily.

June 25, 2021



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NCUA Board approves NAFCU-sought final rule related to capitalization of interest [ [link removed] ]
The NCUA Board Thursday approved a final rule amending the agency's regulations to remove the prohibition on the capitalization of interest in connection with loan workouts and modifications for all federally-insured credit unions (FICUs). NAFCU, since March of 2020, has consistently called on the NCUA to make this change and provide credit unions with much needed relief – during the pandemic and beyond – to help their members meet payment obligations on all types of member loans.


NAFCU-backed resolution to overturn OCC's true lender rule approved by House [ [link removed] ]
The House Thursday approved a resolution to overturn the Office of the Comptroller of the Currency's (OCC) true lender rule using the Congressional Review Act (CRA).


NCUA Chairman Harper, Berger discuss agency priorities during NAFCU's State of the Industry [ [link removed] ]
NCUA Board Chairman Todd Harper offered an overview of the current priorities at the agency before joining NAFCU President and CEO Dan Berger for a one-on-one chat during NAFCU's State of the Industry virtual event yesterday.






Panel provides economic outlook; NAFCU's Long reviews survey results [ [link removed] ]
During NAFCU's State of the Industry event Thursday, NAFCU Chief Economist and Vice President of Research Curt Long shared the results of the pre-conference survey ahead of a panel of industry-leading economists for a full overview of lending, consumer spending, and other critical indicators.


NAFCU provides CUs with an inside look at the current legislative, regulatory landscape [ [link removed] ]
NAFCU President and CEO Dan Berger and Director of Regulatory Affairs Ann Kossachev provided an inside-look at Washington during Thursday's State of the Industry event by recapping what has transpired so far in 2021 and outlining what the industry can expect in the coming months.


FIS, NSC give State of the Industry attendees an overview of payment trends [ [link removed] ]
FIS Director of Consumer Credit Payments Drew Aldridge joined NAFCU Services President Randy Salser for a one-on-one discussion during NAFCU's State of the Industry virtual event held yesterday to provide credit unions with an update on how changes in consumer behavior and increased digitization have impacted the payments landscape.


CU panel breaks down post COVID-19 lending landscape [ [link removed] ]
Allied Solutions Senior Vice President of Strategic Initiatives Charlie Peterson dove into what the future of lending may look like in a post COVID-19 world at NAFCU's State of the Industry event held yesterday. The discussion covered a wide range of topics, including consumer behavior post pandemic and the impact of increased digitalization on lending. 


Horsager: Trust is our best asset [ [link removed] ]
CEO of Trust Edge Leadership Institute, Trust Expert in Residence at High Point University, and Wall Street Journal bestselling author of The Trust Edge David Horsager discussed how credit unions uniquely benefit from being built on trust during a keynote speech at NAFCU's State of the Industry virtual event.


New on the Compliance Blog: Elder fraud, FinCEN rulemaking agenda, NCUA’s Letter to Credit Unions [ [link removed] ]

As credit unions work to meet the needs of more than 124 million Americans during the coronavirus pandemic, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.



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