This week, election season moves full-steam ahead, and Congress remains in recess until after the midterm elections on Nov. 8. Meanwhile, NAFCU continues its work advocating for credit unions to strengthen the industry.
NAFCU Senior Regulatory Affairs Counsel Aminah Moore wrote to the Federal Housing Finance Agency (FHFA) Friday in response to the agency’s comprehensive review of the Federal Home Loan Bank (FHLB) System as it approaches its centennial. Overall, Moore urged the FHFA to avoid disrupting the FHLB System as a result of this review and recommended any expansion of FHLB membership should exclude non-depository institutions, such as underregulated fintechs, because they are not subject to capital requirements or regulated by a prudential regulator.
NAFCU wrapped up its 2022 Management and Leadership Institute (MLI) in Annapolis, Md. on Friday. Credit union leaders learned what they will need to be a highly successful leader who has what it takes to run a successful credit union.
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