Also: DOJ issues guidance for discharging student loan debt in bankruptcy
November 18, 2022
NAFCU, DCUC call on Congress to pass a ‘clean’ NDAA ([link removed] )
As Congress prepares final action on the fiscal year 2023 National Defense Authorization Act (NDAA), NAFCU joined with the Defense Credit Union Council (DCUC) to call on both chambers to pass a “clean” NDAA and reject amendments that stand to place new burdens and hardships on credit unions.
DOJ issues new guidance on discharging student loan debt in bankruptcy ([link removed] )
The Department of Justice (DOJ) Thursday, in coordination with the Department of Education (DOE), issued a new process for individuals trying to discharge their federal student loans in bankruptcy. NAFCU is closely monitoring how this will impact bankruptcy filings, including whether more file to eliminate their student loans and subsequently end up discharging more credit card and auto debt.
CFPB seeks enhanced public data on auto lending ([link removed] )
In a new blog post, the CFPB highlighted how the cost of automobiles has risen substantially since the beginning of the COVID-19 pandemic and that auto loans are on track to outpace student loans in the first half of 2023.
Engage 2023: NAFCU’s Annual Conference ([link removed] ) is back!
Join us next June in beautiful southern California to engage with industry experts and so much more. Save $200.00 with code ENGAGESAVINGS through 5/5/23.
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5 things to know this week ([link removed] )
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.
GOP preps leadership for 118th Congress; Pelosi, Hoyer, Clyburn step down ([link removed] )
Congressional Republicans this week began preparing for the 118th Congress – set to start Jan. 3, 2023 – with votes on some leadership positions and proposed conference rules. For House Democrats, current Speaker Nancy Pelosi, D-Calif., Majority Leader Steny Hoyer, D-Md., and Majority Whip Jim Clyburn, D-S.C., announced Wednesday that they would step down from leadership next session.
NCUA Board briefed on Q3 SIF report ([link removed] )
The NCUA held its November board meeting yesterday where members were briefed on the Share Insurance Fund (SIF) Quarterly Report for the third quarter. The SIF had a total income of $73.7 million with a net income of $26.2 million, representing an increase of $5.2 million in net income from the second quarter. The NCUA increased the SIF’s insurance loss reserves from $169.1 million at the end of the second quarter to $183.2 million as of September 30.
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NAFCU CALENDAR ([link removed] )
DEC
2
SBA - Affiliation and Lending Criteria for the SBA Business Loan Programs ([link removed] )
Comments Due to NAFCU
DEC
15
CFPB Compliance Deadline: NCUA ([link removed] )
Compliance Deadlines
MAR
13 - 17
Regulatory Compliance School ([link removed] )
Arlington, VA
MAR
21 - 23
Strategic Growth Conference ([link removed] )
Nashville, TN
VendorDirectoryAd_Consulting ([link removed] )
Strategic Growth Conference | March 21 – 23, 2023 | Nashville, TN ([link removed] )
AI & Digitization. Loan growth. Cryptocurrency trends. Find new ideas on these topics (and more!) that dramatically impact your credit union's growth. Save $200.00 with code GROWTHSAVINGS ([link removed] ) for a limited time.
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