NAFCU's
2019 Fed Report outlines challenges, recommends relief for CUs
The
2019 NAFCU Report on Credit Unions is now available online, detailing the latest
issues and trends affecting credit unions as the industry continues to grow and
strengthen, despite regulatory burdens and challenges. Members of NAFCU's
Board of Directors last week shared the results of the report during the association's
annual meeting at the Federal Reserve.
This
week: Contact lawmakers on CU issues
Congress is out of session this
week for the Thanksgiving holiday. Credit unions are encouraged to connect with
representatives and senators while they're in their home districts and states
and advocate on outstanding industry priorities before the end of the year, as
well as share how credit unions are focused on supporting their members and communities.
Today
only: Save $333 on NAFCU's conferences, online training
NAFCU's
Pre-Cyber Monday sale is going on today, giving credit unions $333 savings with
the code CYBER on any registration for the association's 2020 conferences
and online training subscriptions. There is no limit how many times the code can
be used; it expires at 11:59 p.m. Eastern.
Pre-Cyber Monday: Save $333 Today Only!
Use
code CYBER to save $333 on any 2020 NAFCU conference and online training subscription
today only!
See
differences between small, large mortgage servicers in new report
The
CFPB released a report last week that examines the differences between large and
small mortgage servicers. Of note in the report, smaller servicers – such as
credit unions and community banks – have a large role in rural areas and experienced
lower delinquencies during the financial crisis.
CFPB
rule on loan originator screenings broken down in blog
NAFCU Regulatory
Compliance Counsel Reginald Watson breaks down the CFPB's recently issued
interpretive rule related to amendments made to the Secure and Fair Enforcement
for Mortgage Licensing Act (SAFE Act) by the Economic Growth, Regulatory Relief,
and Consumer Protection Act (S. 2155) in a new post on the Compliance Blog.
