NAFCU is preparing for another year of unwavering federal advocacy, award-winning compliance assistance, and top-rated education resources in 2023. With the support of credit union members, the association secured several key wins in 2022.
NAFCU Regulatory Affairs Counsel James Akin wrote to the Small Business Administration (SBA) yesterday in response to the agency’s proposal to change regulations governing SBA's 7(a) Loan Program and 504 Loan Program. In the letter, Akin said NAFCU urges “the SBA to safeguard the 7(a) Loan Program by rescinding or pausing this rulemaking until its impact in relation to Small Business Lending Companies (SBLCs) is better understood.”
New home sales rose 1.3 percent in November to 640,000 annualized units but were 15.3 percent lower than one year ago. October’s sales were also revised down 8,000 units. In a new Macro Data Flash report, NAFCU Economist Noah Yosif noted that November’s sales “exceeded expectations;” however, there are still constraints in the market.
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The NCUA recently announced its schedule of open board meetings for 2023. All open board meetings are slated to begin at 10 a.m. Eastern and will take place at the NCUA’s central office in Alexandria, Va. Each meeting will also be livestreamed through the NCUA.gov website.
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