This
week: NAFCU engaged on Capitol Hill
The association’s award-winning
advocacy team will monitor several committee hearings where topics of interest
will be discussed and engage with lawmakers on credit union issues.
NAFCU,
trades urge against use of GSE fees as infrastructure funding offset
NAFCU, along with 24 trade organizations, wrote to the Senate amid its negotiations
on the Bipartisan Infrastructure Framework to urge against the utilization of
Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs), guarantee
fees ("g-fees") as a source for funding offsets.
NAFCU
to NCUA: NOL methodology should be consistent, transparent
NAFCU Vice
President of Research and Chief Economist Curt Long Friday wrote to the NCUA in
response to a request for comment (RFC) on the agency's policy and methodology
used to set the National Credit Union Share Insurance Fund's (NCUSIF) normal
operating level (NOL). In the letter, Long called for the establishment of a methodology
that is consistent and transparent, acknowledges the impact of the maturity of
the NCUA Guaranteed Notes (NGN), and brings the NOL closer to the traditional level of 1.30 percent.
Watch
James Carville keynote Congressional Caucus
Hear from political
strategist James Carville as he delves deep into the current state of affairs,
reviews best practices for achieving progress during congressional gridlock, and
discusses navigating a 50-50 Senate.
White
House announces additional relief for mortgage borrowers impacted by COVID-19
The White House announced Friday it will offer additional aid for mortgage borrowers
who have been negatively impacted by the coronavirus pandemic; borrowers with
government-backed mortgages are eligible for the enhanced assistance.
