Links in “NAFCU”

At least for now, according to the Federal Reserve Board. However, NAFCU finds that this 21 cent fee cap is not nearly high enough to allow credit unions to break even on debit payment services for their members. [9/19/14]

NAFCU and CUNA think so. They are amongst a group of 13 other financial trade organizations who sent a letter to the CFPB urging them to take a look at state laws that potentially contradict (or duplicate) the new TILA/RESPA rules. [9/18/14]

NAFCU backs a bill containing a points-and-fees fix which the House is set to vote on today. [9/15/14]

NAFCU CEO Dan Berger has asked the Federal Home Loan Bank Board to give credit unions another 60 days to submit comments on the FHLB’s proposed changes to its membership eligibility requirements. Berger said that the proposal is complex and credit unions need more time to analyze the impact of the proposed changes. [9/5/14]

NAFCU has submitted a comment letter to NCUA citing its “dirty dozen” list of regulatory requirements that should be eliminated or amended. In particular, NAFCU states that the Member Business Lending Rule is far too restrictive and burdensome and that certain bylaw provisions need to be revised to reflect modern practices. [9/3/14]

NAFCU is holding a webcast on Wednesday which will outline what to expect from your upcoming examinations, focusing on the new mortgage rules. [8/25/14]

Perhaps not yet, but NAFCU is continually working to reduce the regulatory burden of several areas including mortgage rules, remittances, overdraft services, and prepaid cards. [8/12/14]

Take a look at this year’s Innovation Awards winners that offer products that range from a collateral insurance tracking system to an indirect insurance product delivery system, and executive compensation tools to board performance assessment tools. The annual awards recognize outstanding innovations designed help credit unions be more successful. [7/24/14]

NCUA Chair Debbie Matz, speaking at the NAFCU Annual Conference, announced that in the coming months NCUA will be issuing three proposed rules that she believes will provide greater flexibility and guidance for credit unions. Specifically, she referred to plans to effectively eliminate the 5% cap on fixed assets, to provide greater flexibility to the member business lending rule and to update the NCUA advertising rule in order to address new technology, including social media. [7/24/14]

Ed Templeton, President and CEO of SRP Federal Credit Union in North Augusta, SC, has been elected to fill the Chairman’s seat on the NAFCU Board for the 2014 – 2015 term. [7/23/14]