The House Financial Services Committee pulled the NAFCU-opposed Overdraft Protection Act during its rescheduled markup Wednesday. NAFCU has long advocated against the bill, as it would significantly limit overdraft protection programs and the ability to assess nonsufficient fund fees (NSF).
The CFPB Wednesday announced an Advance Notice of Proposed Rulemaking (ANPR) in an effort to sharply reduce the $12 billion in late credit card fees that financial institutions, including credit unions, collect each year.
NAFCU’s State of the Industry starts today, taking place from 1:00 to 4:00 p.m. Eastern. This complimentary virtual event – open to all credit unions – will bring together industry leaders, experts, and NAFCU's award-winning staff for a discussion on key trends, strategies, and legislative and regulatory developments. Registration is still open!
NAFCU CFO Summit Come network with your peers and acquire best practices to help advance your credit union even further. Save $200.00 with code CFOSAVINGS through 7/29/2022
The NAFCU Small Business Lending Working Group held its quarterly meeting Wednesday where member credit unions and NAFCU staff heard from Small Business Administration (SBA) Office of Capital Access staff. Attendees reviewed the latest legislative and regulatory updates regarding small business lending.
NAFCU’s Share Insurance Fund (SIF) Committee met Wednesday to discuss recent SIF updates. Of note, the NCUA Board was briefed on the SIF quarterly report during its May meeting, where agency staff noted that SIF assets totaled $20.6 billion, a decline of $132 million from the prior quarter, primarily due to unrealized losses in the investment portfolio. The six-month projection of the equity ratio is 1.25 percent for the period ending June 30, 2022.
Come network with your peers and acquire best practices to help advance your credit union even further. Here’s a sneak peek of the agenda. Save $200.00 with code CFOSAVINGS through 7/29/2022.
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