Also: Board members meet with NCUA Chair Hood; What to know about RDC litigation, gov't funding extension



NAFCU TODAY | The News You Need Daily.

November 22, 2019



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CECL, cybersecurity, more discussed in NAFCU Board meeting with Fed's Bowman [ [link removed] ]
The NAFCU Board of Directors met Thursday at the Federal Reserve with Board Governor Michelle Bowman to review various economic and regulatory trends affecting credit unions. The meeting, which NAFCU holds annually at the Fed, coincides with the association's release of its Report on Credit Unions – now available for download.


NAFCU Board, NCUA's Hood discuss key CU concerns [ [link removed] ]
Members of the NAFCU Board of Directors yesterday met with NCUA Board Chairman Rodney Hood to discuss issues affecting credit unions, including cybersecurity, capital reform, and exam modernization. NAFCU President and CEO Dan Berger and senior members of NAFCU's staff accompanied the group.


5 things CU leaders need to know [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's need-to-know news bits.






NCUA responds to FOM case petition [ [link removed] ]
The NCUA Thursday filed its response to the American Bankers Association's (ABA) petition for an en banc rehearing of its lawsuit challenging the NCUA's 2016 field of membership (FOM) rule. The appeals court three-judge panel decision in August was largely in favor of the NCUA on key issues in the lawsuit.


NCUA Board approves IRPS, moves forward with real estate appraisal increase [ [link removed] ]
The NCUA Board Thursday unanimously approved two items during its meeting: A proposed rule to raise the current residential real estate appraisal threshold, and a final Interpretive Ruling and Policy Statement (IRPS), known as the Second Chance IRPS. Members of NAFCU's Executive and Regulatory Affairs teams, and the association's Board of Directors attended yesterday's meeting.


CECL, RBC on NCUA's fall rulemaking agenda; HMDA, debt collection on CFPB's [ [link removed] ]
Administrative agencies – including the NCUA and CFPB – Thursday released their fall regulatory agendas. A number of issues on the agendas are hot-topics, such as the current expected credit loss (CECL) standard, and rulemakings already underway; see what can be expected in the coming months.


ICYMI: Google shares checking account plan with NAFCU [ [link removed] ]
Technology companies are increasingly seeking ways to enter the financial services marketplace, and Google last week detailed its intentions to start offering checking accounts during a meeting at NAFCU's headquarters with association President and CEO Dan Berger and Executive Vice President of Government Affairs and General Counsel Carrie Hunt.


NAFCU predicts more 'modest' growth as existing-home sales rise in October [ [link removed] ]
Existing-home sales rose 1.9 percent in October to a seasonally adjusted annual rate of 5.5 million units, with sales decreasing only in the West region. NAFCU Chief Economist and Vice President of Research Curt Long reacted to the growth and noted that the market is still constrained by supply in a Macro Data Flash report.



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