NAFCU President and CEO Dan Berger met with NCUA Chairman Todd Harper Wednesday at the agency’s headquarters in Alexandria, Va., to discuss credit union priorities, including several of NAFCU’s recent requests to the agency.
The NCUA released its 2023 supervisory priorities Wednesday, revealing interest rate risk (IRR), liquidity risk, and credit risk are the top areas of focus for the agency. NAFCU has engaged with the NCUA on these topics several times and met with the NCUA’s Office of Examination and Insurance and Division of Capital and Credit Markets in November to discuss recent updates to the IRR supervisory framework.
On the latest episode of NAFCU’s Credit Union Policy Podcast (CUPP), host NAFCU Vice President of Regulatory Affairs Ann Petros talks with George Mason University Professor Todd Zywicki about the history of the Dodd-Frank Act’s Durbin Amendment and the market for credit cards and consumer payments.
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The Federal Reserve released its first Beige Book of 2023 yesterday, revealing relatively unchanged economic activity since the previous report. Five districts, however, reported slight or modest increases in overall activity.
Total retail sales declined 1.8 percent in December after falling 0.6 percent in November. NAFCU Economist Noah Yosif analyzed the report in a new NAFCU Macro Data Flash report.
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