The NCUA will hold its first board meeting of 2023 Thursday where they will discuss their 2023 performance plan and the federal credit union loan interest rate ceiling. NAFCU has aggressively urged the agency to raise the permissible interest rate ceiling and establish a floating permissible interest rate ceiling equal to a 15 percent spread over the prime rate. The permissible interest rate ceiling is set to expire on March 10.
NAFCU, along with other financial trade groups, Friday wrote to the CFPB reminding the agency of its obligations under the Small Business Regulatory Enforcement Fairness Act (SBREFA) when proceeding with any rulemaking regarding credit card late fees. The CFPB last year issued a notice of proposed rulemaking (ANPR) regarding credit card and late fees in an effort to reduce the $12 billion in fees collected by financial institutions each year.
Existing home sales declined 1.5 percent in December to a seasonally-adjusted annualized rate of 4 million units, marking the 11th straight month of declining sales and a 34 percent decrease in sales compared to last year. NAFCU Chief Economist and Vice President of Research Curt Long analyzes the data in the latest Macro Data Flash report.
Unforgettable experiences await your spouse/guests in Southern California. Plus, enjoy an extra tour you can enjoy together to see the best of the area alongside your spouse/guests! You’ll also discover solutions to help you build a bigger, better CU. Save $200.00 with code ENGAGESAVINGS for a limited time only!
Detailed agenda just announced! See what’s in store (and on the waterfront!)
Credit Union volunteers, join us on the waterfront in Savannah, GA this spring! The detailed agenda is the perfect mix of business and pleasure. Registrations are filling quickly – reserve your spot before the early birddiscount ends 2/24/23!
