FHFA announced this week that Fannie Mae and Freddie Mac are extending moratoriums on single-family foreclosures, real estate owned (REO) evictions, and several loan origination flexibilities until March 31.
CUNA President/CEO discussed CUNA housing priorities and other issues on a call with Federal Housing Finance Administration (FHFA) Director Mark Calabria. CUNA wrote to Congress and the Biden administration recently with several housing suggestions.
Former Governor Chris Christie and former Mayor Rahm Emanuel will join this year’s CUNA GAC for a lively point/counterpoint discussion tackling some of the issues driving Washington today, and how they’re likely to affect the communities and people credit unions serve.
Sen. Richard Shelby (R-Ala.) announced he will not seek re-election in 2022. Shelby, who has served in the Senate since 1987, is the current vice chair of the Senate Appropriations Committee, and previously chaired the Senate Banking Committee.
Sen. Jack Reed (D-R.I.), introduced a bill this week to create a $75 billion Homeowner Assistance Fund. Reed introduced the bill with lead co-sponsors Sens. Sherrod Brown (D-Ohio) and Patrick Leahy (D-Vt.)
Credit unions have continued to lend during the pandemic because their mission is helping people, said CUNA President/CEO Jim Nussle and Senior Economist Jordan van Rijn when discussing credit union lending with CNBC.
Congress should take further legislative action to ensure credit unions remain in position to serve their members, including member business lending and Prompt Corrective Action flexibility, CUNA wrote to the House Financial Services Committee.
CUNA called on the CFPB to ensure all users of consumer financial data comply with consumer data protection requirements in a letter sent Thursday in response to an ANPR on a regulation on access to consumer financial records.
The House passed its budget resolution Wednesday evening by a vote of 218-212. The House and Senate Budget Resolutions begin the process of Budget Reconciliation by which Congress will likely consider the next COVID-19 stimulus package.