NCUA and the Government National Mortgage Association will co-host a February 22 webinar, “Ginnie Mae 101.” Registration for this event is open now, and is scheduled to begin at 2 p.m. ET and last approximately 90 minutes. There is no charge
Any discussion of policy remedies to revamp and revitalize access to financial services to underserved communities should include modernizing laws and regulations which prevent credit unions from serving those the banks have left behind, CUNA wrote to a House subcommittee.
CUNA President/CEO Jim Nussle said President Joe Biden’s use of the term "junk fees" during the state of the Union address Tuesday is overly broad and ignores the needs of low-income and middle-income consumers who depend on services to resolve short-term financial difficulties.
NCUA issued a Letter to Credit Unions this week to provide guidance on expanded permissible activities and services for credit union service organizations (CUSO). NCUA finalized its CUSO rule in October 2021 and it became effective Nov. 26, 2021.
Both chambers of Congress are in Washington, D.C, this week. A House Financial Services Subcommittee will conduct a hearing that will cover several pieces of legislation, including a draft financial data privacy bill, and the Senate Banking Committee will conduct a hearing on housing.
The Cybersecurity and Infrastructure Security Agency (CISA), National Security Agency (NSA), and Multi-State Information Sharing and Analysis Center (MS-ISAC) released a joint Cybersecurity Advisory (CSA) to warn network defenders about malicious use of legitimate remote monitoring and management (RMM) software.
CUNA Senior Economist Dawit Kebede said the Labor Department’s January Jobs Report showed widespread gains in several factors, a much larger increase than consensus projections, not good news for the Federal Reserve fighting to bring inflation down to a 2% target.
NCUA issued a Regulatory Alert indicating it will take a flexible supervisory and enforcement approach to court-ordered changes to the 2020 HMDA rule. This comes after a court vacated the portion of the HMDA final rule that amended the closed-end loan reporting threshold.
Credit unions continue to fulfill their mission through extremely favorable auto lending interest rates, according to CUNA’s inaugural Credit Union Auto Lending Monthly Report. Consumers on the lowest end of the credit score spectrum average $13,204 in life-of-loan savings compared to other lenders.
CUNA President/CEO Jim Nussle, EVP/Chief Advocacy Officer Robert Lewis, and Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak met with NCUA Chairman Todd Harper Thursday to discuss issues facing credit unions in a challenging economic environment.