Register for the CU industry’s most sought-after advocacy event

Credit unions can now register for NAFCU’s 2022 Congressional Caucus where attendees will have the opportunity to hear from lawmakers and regulators on a wide range of industry topics and all things happening on the Hill. The event, happening September 11-14, will be held in person in Washington D.C.

This Week: Congress in recess, NAFCU monitors Jobs Report

Congress is back in their districts after several eventful hearings and legislation advancements over the last few weeks. NAFCU will monitor the release of the Bureau of Labor Statistics May Job’s Report this week and is gearing up for a busy next few months with multiple can’t-miss events planned for credit unions.

NAFCU Reg Alert examines Commerce Dept's RFC on CBDC

NAFCU Friday sent members a Regulatory Alert regarding the Department of Commerce's request for comment (RFC) regarding its development of a framework for enhancing U.S. economic competitiveness in digital asset technologies. The RFC aligns closely with the priorities and objectives outlined in Joe Biden's Executive Order on Ensuring Responsible Development of Digital Assets.

NAFCU’s Congressional Caucus
Support credit unions at the industry’s most intimate advocacy event!

NAFCU offers support for HUD’s proposal to increase FHA insured mortgage loan term to 40 years

NAFCU Senior Regulatory Affairs Counsel Aminah Moore Friday wrote to the Department of Housing and Urban Development (HUD) to offer support for its notice of proposed rulemaking (NPRM) that would allow mortgagees to modify a mortgage insured by the Federal Housing Administration (FHA) by recasting the total unpaid loan for a new term limit of 480 months to cure a borrower’s default. These changes would allow mortgagees to reduce the borrower’s monthly payment as the outstanding balance would be spread over a longer time frame. Additionally, use of the 40-year mortgage modification in conjunction with the FHA’s partial claim option can begin immediately and must be offered to eligible borrowers within 90 calendar days.