Tomorrow, both the Senate and House will be up for grabs during the 2022 midterm elections. NAFCU will monitor the results and provide credit unions with updates on key races that may impact the industry. The association continues to advocate for credit unions to ensure they have the proper tools needed to best serve their 134 million members.
The Federal Reserve Board Friday issued a proposed rule for Federal Reserve Banks to publish a “periodic list of depository institutions that have access to Federal Reserve accounts,” also referred to as master accounts, and payment services.
The Federal Reserve Bank of New York Friday issued a report on Phase I of Project Cedar – the bank’s research effort to study and develop a technical framework for a theoretical wholesale central bank digital currency (CBDC).
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The Small Business Administration (SBA) Friday issued a proposed rule to allow new lenders to apply for a license to offer SBA-backed 7(a) small business loans. The SBA has had a moratorium on new Small Business Lending Companies (SBLCs) since 1981.
The Bureau of Labor Statistics issued the October jobs report on Friday, which revealed that the unemployment rate rose slightly to 3.7 percent during the month. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report.
The NCUA closed out its 2022 DEI & ACCESS Summit Friday, where attendees gathered to promote the value of diversity, equity, and inclusion (DEI) in the credit union industry, share the best DEI and financial inclusion practices, and develop solutions to industry-specific challenges.
NAFCU begins its sold out 2022 Lending Conference tomorrow in Greenville, S.C. Attendees will gain the tools they need to build a flourishing credit union lending portfolio and receive updates on lending's latest trends, best practices, and strategies — along with a comprehensive understanding of how to integrate them into their credit unions.
