Today:
NCUA Board reviews subordinated debt, CU-bank mergers proposals
The
NCUA Board today is set to hold its first meeting of 2020. On the agenda are proposals
for subordinated debt and credit union combination transactions, which will likely
address the process of banks selling to credit unions.
NAFCU
advocacy hits ground running in 2020
NAFCU President and CEO Dan Berger
and the association's award-winning advocacy team have started 2020 strong,
taking to Capitol Hill and reaching out to key administration officials – including
President Donald Trump – and regulators to share issues credit unions would like addressed this year.
Compliance
Blog highlights new IRS withholding certificate regs
NAFCU Regulatory
Compliance Counsel David Park breaks down the Internal Revenue Service's
(IRS) new rules regarding withholding certificates in a new post on the Compliance
Blog. The IRS finalized the regulations explaining due diligence and reporting
rules applicable to credit unions making U.S. source payments to foreign persons earlier this year.
NAFCU's 2020
Advocacy Priorities
Supporting legislation and regulation that helps
credit unions grow.
NAFCU
expects consistent growth as existing-home sales rise in December
Existing-home
sales rose 3.6 percent in December to a seasonally adjusted annual rate of 5.5
million units, with sales up in all four regions versus a year ago. In response,
NAFCU Chief Economist and Vice President of Research Curt Long said growth is
expected to continue in a new Macro Data Flash report.
