NAFCU President and CEO Dan Berger met with NCUA Board Vice Chairman Kyle Hauptman Wednesday to discuss multiple topics of interest to credit unions, including the federal credit union (FCU) interest rate ceiling – which the NCUA voted to keep at 18 percent for another 18 months during the agency’s January board meeting.
Although Congress is in recess, lawmakers continue to introduce legislation, including two NAFCU-supported bills. One, introduced by Rep. Tom Emmer, R-Minn., would prohibit the use of a central bank digital currency (CBDC).
NAFCU President and CEO Dan Berger Wednesday participated in a virtual roundtable with PSCU President and CEO Chuck Fagan and Suncoast Credit Union Senior Vice President of Digital Strategy Jana Manley, hosted by PYMNTS CEO Karen Webster.
June 27 – 30, 2023 The first 50 credit unions will get $400.00 off on new registrations using code FIRST50. Hurry—limited spots remain! You’ll explore AI and technology trends, the economy, the future of payments and more. Plus, you and your guests will love the Southern California tours.
The Federal Open Market Committee (FOMC) released minutes from its first meeting of 2023 Wednesday, during which the committee raised rates 25 basis points to a range of 4.5 to 4.75 percent – the eighth consecutive meeting ending with a hike. However, the minutes showed committee members had conflicting opinions on the level of the rate hike.
NAFCU yesterday sent members a Final Regulation summary, detailing key information from the NCUA’s final rule on cyber incident reporting. The rule was passed during the agency’s February board meeting. Additionally, NAFCU Senior Regulatory Compliance Counsel Rebecca Tetreau gave an in-depth look at the rule in the association’s latest post on the Compliance Blog.
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