NCUA
Board approves NAFCU-sought final rule related to capitalization of interest
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
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
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.
Attend NAFCU's
2021 Congressional Caucus
Advocate for your members on Capitol
Hill. Use your voice to give credit unions a seat at the table and to push the
industry forward. Join us September 12 – 15 in Washington, DC or virtually
from your home or office.
Panel
provides economic outlook; NAFCU's Long reviews survey results
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
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
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
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
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
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.
