Appeals
court strikes down ABA’s request for FOM lawsuit rehearing
In a win
for the NCUA and its 2016 field of membership (FOM) rule, the U.S. Court of Appeals
for the D.C. Circuit denied a rehearing en banc in the case American Bankers Association v. NCUA.
NCUA
Board approves RBC delay, proposed budgets
A win for credit unions,
the NCUA Board Thursday passed a final rule to delay the implementation of its
risk-based capital (RBC) rule by two years to Jan. 1, 2022. The board also voted
to pass the agency's 2020 and 2021 budgets.
5
things CU leaders need to know
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 need-to-know news bits.
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NAFCU
to Congress: Protect small lenders, act on housing finance reform
Following
Federal Housing Finance Agency (FHFA) Director Mark Calabria's recent announcement
that the agency plans to issue a re-proposed rule setting capital requirements
for the Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac early
next year, NAFCU's Brad Thaler reiterated the association's call for
legislative action on housing finance reform in a letter to lawmakers.
NAFCU's
Berger, Hunt, and Thaler recognized as top lobbyists in The Hill
NAFCU
President and CEO Dan Berger, Executive Vice President of Government Affairs and
General Counsel Carrie Hunt, and Vice President of Legislative Affairs Brad Thaler
were named top association lobbyists for 2019 by The Hill, a daily newspaper covering Congress and Washington, D.C.
Compliance
Blog outlines NCUA expansion on public unit and nonmember share limits
NAFCU Regulatory Compliance Counsel Reginald Watson breaks down the final rule
that introduces an increase to the amount of public unit and nonmember shares
that federally insured credit unions (FICUs) may accept. The final rule, which
was adopted during the agency's October board meeting, is set to take effect Jan. 29, 2020.
