NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the Senate Banking Committee in conjunction with their discussion Thursday on the reauthorization and reform of the National Flood Insurance Program (NFIP), sharing the association’s support for the long-term reauthorization and continued modernization of the NFIP.
The Federal Financial Institutions Examination Council (FFIEC) Thursday announced the 2021 Home Mortgage Disclosure Act (HMDA) data has been released. Of note, the HMDA data is the most comprehensive publicly available information on mortgage market activity.
The CFPB published a blog post Thursday regarding overdraft and non-sufficient fund (NSF) fees. The post describes the bureau’s supervisory efforts toward financial institutions “with a higher share of frequent over drafters or a higher average fee burden for overdrafts.”
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The NCUA Board Thursday held its June meeting where NCUA staff briefed the board on the post-exam feedback survey pilot program. Of note, staff revealed that 1,058 optional surveys were distributed by the Office of the Ombudsman and the NCUA received responses from 186 credit unions, representing a 17 percent response rate.
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 top need-to-know updates and resources.
As credit unions work to meet the needs of more than 130 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog, published every Monday and Wednesday.
NAFCU’s offices will be closed Monday in observance of Juneteenth. Credit union members will still have access to the association’s website for resources as well as regulatory and legislative updates on key issue areas.
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