Join CUNA’s compliance experts for a Feb. 15 webinar, “NCUA Supervisory Priorities & How CUNA’s CU CMS+ Can Help You Prepare.” The webinar hosts will break down the primary areas of focus NCUA has identified for 2023.
The NCUA Board will discuss extending the Federal Credit Union loan interest rate ceiling at its Jan. 26 meeting. CUNA wrote to the board this week urging it to act quickly to consider raising the cap beyond 18% and/or adopt a floating rate cap.
CUNA Manager of State Outreach Tylik McMillan spoke at the White House at an event with Vice President Kamala Harris Tuesday. McMillan discussed community mobilization and financial access and inclusion for men of color.
CUNA requested the NCUA Board examine the current interest rate cap for federal credit union loans, including consideration of increasing the fixed rate cap or adopting a floating rate cap in a letter to the agency
NCUA issued a letter to credit unions outlining the agency's supervisory priorities and other updates to its examination program for 2023. It also notes NCUA's exam flexibility initiative will continue in 2023, which establishes an extended exam cycle for certain credit unions.
CUNA Chief Economist Mike Schenk said inflation pressures eased significantly in December, with prices declining for the first time since May 2020. This greatly boosts the odds that the Federal Reserve will pivot from its current aggressive policy stance.
CUNA and other organizations met with House Financial Services and Senate Banking, Housing, and Urban Affairs leadership staff Tuesday to discuss proposed changes to the Community Financial Development Institution (CDFI) Fund certification application.
CUNA’s Small Credit Union Committee met with NCUA Vice Chairman Kyle Hauptman, his staff, and Director of the Office of Examination and Insurance Kelly Lay to discuss record retention, policy review, and examiner consistency, among other topics.