From NAFCU Today <[email protected]>
Subject FHFA abandons refinance fee strongly opposed by NAFCU
Date July 19, 2021 11:02 AM
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Also: NAFCU engaged ahead of NCUA meeting, Hill hearings; the association offers insights to NACHA



NAFCU TODAY | The News You Need Daily.

July 19, 2021



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FHFA abandons refinance fee [ [link removed] ]
The Federal Housing Finance Agency (FHFA) announced Friday that the government-sponsored enterprises (GSEs) will abandon the adverse market refinance fee - which imposed a 0.5 percent fee on most mortgage refinance loans - effective Aug. 1. NAFCU strongly-opposed the adverse market refinance fee when it was announced, arguing that it would hurt credit unions and their mortgage borrowers as they try to recover from the coronavirus pandemic.


This week: NAFCU hosts Virtual BSA School, NCUA Board meets [ [link removed] ]
This week NAFCU's Virtual BSA School begins, the NCUA board is set to meet, and the association's award-winning advocacy team will monitor several committee hearings where several topics of interest will be discussed.


NAFCU provides NACHA with CU perspective on early funding availability [ [link removed] ]
NAFCU Senior Counsel for Research and Policy Andrew Morris Friday responded to NACHA's request for comment (RFC) regarding the risks of early funding availability in the ACH network.






Retail sales rise slightly; NAFCU expects sales to remain 'strong but volatile' [ [link removed] ]
After falling in May, retail sales rose 0.6 percent in June. In a new NAFCU Macro Data Flash report, NAFCU's Curt Long analyzed the data.



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