Tag Archives: NAFCU

Experts testifying before the Senate Banking Committee during a hearing on Sen. Mike Crapo’s housing reform outline agreed on creating a clear role for private capital and government guarantees in housing finance. Here's why.

Government and housing industry leaders addressed the potential impact of a Housing Finance Reform Bill that was introduced in September. Here's what they had to say to the House Financial Services Committee.

A new report examines cybersecurity concerns among credit unions—finding that majority fear another Equifax-like breach in the future.

A new report examines lending standards among credit unions finding that while they are tightening standards overall, some loan categories have seen looser lending requirements . . .

Many proposed changes have taken place within the CFPB as of late, including those associated with Home Equity Lines of Credit. Take a look at what the National Association of Federally-Insured Credit Unions has to say about the propositions.

Credit unions are struggling with the CFPB’s ability-to-repay/qualified mortgage rule. But how is it affecting the American homebuyer?

As both current homeowners and potential homebuyers are settling more into their prospective communities, turning to federally-insured credit unions for their mortgage and banking needs has become a viable option. On Monday the National Credit Union Administration (NCUA) released its 2017 Q1 call report data, which reports growth all across the board for federally insured credit unions. Dan Berger, the President and CEO of the National Association of Federally-Insured Credit Unions (NAFCU) attributes the overall growth first and foremost to growing membership, which rose 4.2 percent, over 4.3 million more members than were registered a year ago.

A representative from the National Association of Federally-Insured Credit Unions has petitioned the Office of the Comptroller of the Currency to regulate and supervise FinTechs in the same manner as other financial institutions.

The chief of the National Association of Federal Credit Unions has asked Congress to keep certain principles in mind while drafting a plan to overhaul Fannie Mae and Freddie Mac.

The bill includes a report provision, which will delay the implementation of the NCUA’s proposed risk-based capital regulation as it relates to mortgage servicing assets until an impact study is conducted. The NAFCU says this will promote transparency, require a thorough analysis of the proposal’s impact on mortgage servicing assets, and encourage the NCUA to take more time to consider the full impact of its proposed capital rule.