NAFCU’s Berger participates in WH briefing on POTUS-signed Inflation Reduction Act

NAFCU President and CEO Dan Berger Tuesday joined a virtual White House briefing where White House Chief of Staff Ron Klain detailed the components of the Inflation Reduction Act, which President Joe Biden signed into law later in the afternoon. Of note, while the package includes funds for increased IRS enforcement, it does not include a NAFCU-opposed provision that would have required new account information reporting by financial institutions.

NAFCU pens letter to NCUA on 2022 regulatory review

NAFCU Vice President of Regulatory Affairs Ann Petros wrote to the NCUA yesterday in response to the agency’s annual regulatory review, sharing various recommendations on 14 of the regulations up for review.  

Fed issues guidance on banks’ engagement with crypto activities

The Federal Reserve on Tuesday issued additional information for Board supervised banks seeking to engage in crypto-asset-related activities. Although the guidance is directed toward banks, it helps ensure that supervisory expectations for firms with crypto-centric business models are appropriately aligned to the risks associated with novel activities.

Adapt and Grow Your Lending Pipeline

Attend NAFCU’s Lending Conference, November 8-10, to get lending’s latest trends, best practices, strategies and tactics.

Survey: Share feedback on NAFCU’s annual Federal Reserve Survey

Credit unions are encouraged to share their insights and perspective on a variety of industry topics and issues through NAFCU’s annual Federal Reserve Survey, which can be found in this month's Economic & CU Monitor survey. The association will share results of the survey directly with Federal Reserve Board Governor Michelle Bowman and senior Federal Reserve staff during NAFCU’s annual meeting with the Federal Reserve this November. The results of the survey will be summarized in NAFCU's annual Report on Credit Unions, which has previously been referenced by the Treasury Department. Those who participate will receive a free copy of the 2022 report later this year; view previous reports here. Responses to the survey may be submitted online or via a downloadable PDF until August 24.