The House Wednesday passed H.R. 5911, the Fair Hiring in Banking Act, by a 329-88 vote. The bill, originally introduced by Senator Joe Manchin, D-W.Va. and led in the House by Rep. Joyce Beatty, D-OH., would replace a lifetime ban for those with disqualifying convictions to work in the banking sector and create an exception for criminal acts committed before the age of 21.
The federal financial regulators, including the NCUA, Wednesday issued updated flood insurance Q&As regarding federal flood insurance law and the agencies’ collective implementation of regulations. The Q&As reflect significant changes to the flood insurance requirements made by federal law in recent years, and are related to the 2015 joint agency rule that modified regulations that apply to loans secured by properties located in special flood hazard areas.
A group of 12 Senators, led by Senator Brian Schatz, D-Hawaii, Monday introduced legislation that would create a new $2 billion emergency fund for community development financial institutions (CDFIs). NAFCU has long advocated for increased funding for important programs that allow credit unions to better serve low-income communities and sent a letter in support of the bill to the Senate Banking, Housing and Urban Affairs Committee Tuesday.
NAFCU Regulatory Compliance School On-Demand Boost your compliance knowledge and earn your NAFCU Certified Compliance Officer designation, entirely from your home or office, and on your own time.
NAFCU's 2022 Credit Union Compliance Roadmap – in its easy-to-use electronic form – is now available for members and nonmembers. The Roadmap is the best resource available to help credit union compliance professionals navigate the complex regulatory environment. The Roadmap provides tools to help readers find answers to complex questions and includes helpful links to several other NAFCU or external resources.
On a seasonally-adjusted basis, overall consumer prices rose 0.3 percent in April, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew by 8.2 percent over the 12-month period. NAFCU Chief Economist and Vice President of Research Curt Long analyzes the data in a new Macro Data Flash report.
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