Also: Ginnie Mae excludes CUs from additional capital requirements, a NAFCU-sought request

August 9, 2022

NAFCU voices CU concerns regarding digital assets to Treasury ([link removed] )

NAFCU Senior Counsel for Research and Policy Andrew Morris Tuesday wrote a letter to the Treasury Department in response to its request for comment (RFC) on the responsible development of digital assets, fulfilling its consultative requirement under President Joe Biden's Executive Order on Ensuring Responsible Development of Digital Assets. Through the RFC, the Treasury Department requested feedback on implications of the development and adoption of digital assets, such as a central bank digital currency (CBDC), and the changes that could be expected in financial markets and payment systems. Of note, NAFCU last month sent members a Regulatory Alert breaking down the RFC.

Ginnie Mae excludes CUs from additional capital requirements, a NAFCU-sought request ([link removed] )

Ginnie Mae Thursday announced that it will exclude federally insured credit unions and state housing finance agencies (HFAs) from its capital requirements and recognize them as insured depositories regulated by a prudential regulator, providing them parity with banks.

Consumer credit rises sharply in June ([link removed] )

Total consumer credit rose 10.5 percent, at a seasonally adjusted, annualized rate, in June and is up 7.7 percent compared to a year ago. Revolving credit - primarily credit cards - rose 16.0 percent this month and is up 13.8 percent compared to June 2021. Non-revolving credit – primarily auto loans and education loans – rose 8.8 percent this month and is up 5.8 percent from a year ago.

$200.00 savings ends Friday with code BEIMPACTFUL!

Advocate for your members on Capitol Hill. Have an impact on averting top political risks to your CU ([link removed] ) . Attend NAFCU’s Congressional Caucus this September!

View Agenda ([link removed] )

Lending22_Skyscraper ([link removed] )

NAFCU CALENDAR ([link removed] )

AUG

16 - 18
Virtual Risk Management Seminar ([link removed] )

A Virtual Event

AUG

18
Federal Reserve - Regulation Implementing the Adjustable Interest Rate (LIBOR) Act ([link removed] )

Comments Due to NAFCU

AUG

18
Credit Union Testimonial: How BCU is Accelerating Transformation & Expanding Financial Wellness with AI ([link removed] )

Complimentary Webinar

AUG

23
Managing Climate Change Risk Within the ERM Program ([link removed] )

Webinar

VendorDirectoryAd_Compliance ([link removed] )

$200.00 savings ends Friday with code BEIMPACTFUL for NAFCU’s Congressional Caucus ([link removed] )

Don’t let your CU fall prey to revenue-draining regulations and competitor-induced attacks. Have an impact on averting top political risks to your CU ([link removed] ) . Register today!

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National Association of Federally-Insured Credit Unions. 3138 10th St N Arlington, Virginia 22201

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