Links in “NAFCU”
- CUNA and NAFCU Submit Brief Opposing an Interim Debit Card Rule
CUNA, NAFCU and other coalition partners have submitted a brief that opposes requiring the Federal Reserve Board to issue an Interim Final Rule that would reduce the interchange fee cap for debit card transactions while the District Court ruling is being appealed; group argues that an interim rule could cause significant harm to the industry and could be overturned by the Appellate Court. [8/29]
- Credit Unions Rely Significantly on GSEs
Recent NAFCU survey shows that credit unions rely to a greater extent than banks on the GSEs as a source of liquidity since banks have more options to hedge against interest rate risk; approximately half of the respondents stated that the elimination of the GSEs would significantly affect their ability to offer mortgage loans. [8/16]
- Industry Argues Against Expanding Military Lending Act
NAFCU and ABA argue that expanding act to cover other types of credit may make it increasingly difficult to prudently offer credit to servicemembers. [8/5]
- Passing the Torch at NAFCU
Today the torch passes from Fred Becker, longtime President and CEO of NAFCU, to Dan Berger, currently the EVP of Government Affairs; Becker has been credited with successfully guiding the association through the past 13+ years. See also The Hill's take. [7/31]
- Loan Quality at Federally Insured Credit Unions at Strongest Level in Several Years
NAFCUâs June CU Industry Trends shows that loan loss reserves, delinquency ratios and net charge-off ratios are now at their lowest point since before the recession; expect the upward trend to continue. [6/13]
- How the Overdraft News Might Impact Regulations
Greater scrutiny of opt-in rates, de minimis exceptions, and reasonable and proportional limits are on the table. [6/13]
- Reminder: Round 1 of Mortgage Rules Took Effect Last Week
Recap of escrow requirements, arbitration clauses and financing credit insurance. [6/12]
