Representatives Lisa Blunt Rochester, D-Del., and Ashley Hinson, R-Iowa, along with a group of 20 co-signers, wrote to Community Development Financial Institution Fund (CDFI Fund) Director Jodie Harris on Wednesday to voice several longstanding concerns and recommendations for the CDFI Fund. Notably, the lawmakers use the current blackout period as an example of poor communication and a situation that was not adequately explained to members of the fund.
The NCUA Board met Thursday to receive two briefings, one on cybersecurity and another on the Central Liquidity Facility (CLF). In addition, the board unanimously approved the NCUA Risk Appetite Statement, which outlines the variety of risks related to the agency’s objectives, strategies, operations, reputation, and environment.
The latest episode of NAFCU’s Credit Union Policy Podcast (CUPP) features a discussion between Strategic Resource Management (SRM) Director of Market Intelligence Paul Davis and CUPP host, NAFCU Vice President of Regulatory Affairs Ann Petros, on buy now, pay later (BNPL) products and why exploring options to provide a BNPL product may be right for credit unions and their members.
Regulatory Compliance School
Learn credit union compliance from A to Z and earn your NCCO in Arlington, VA March 13 – 17, 2023. Save $200.00 with code SCHOOLSAVINGS for a limited time.
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.
Existing home sales declined by 1.5 percent in September to a seasonally-adjusted annualized rate of 4.7 million units, marking the eighth straight month of declining sales and representing a 23.8 percent decrease in sales compared to last year. NAFCU Chief Economist and Vice President of Research Curt Long analyzes the data in the latest Macro Data Flash report.
Training is Essential for Growth! Take advantage of NAFCU’s 2023 conference lineup—especially as you plan for your training budget. Early bird savings starts now. Learn More.
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