Items Tagged with 'National Association of Federal Credit Unions'


October jobs report falls slightly below expectations

September revised higher
One of the last jobs reports for 2016, and the last one before the election, showed that total nonfarm payroll employment grew by 161,000 in October. While this increase is slightly below expectations, large upward revisions to prior months more than made up for it.
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RBS to pay $1.1 billion to NCUA over mortgage securities settlement

Recoveries will offset the total costs to credit unions
The latest in a series of settlements that date back to the financial crisis will cost the Royal Bank of Scotland $1.1 billion, which it will pay to the National Credit Union Administration in order to settle claims related to faulty mortgage-backed securities sold to U.S. credit unions.
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CFPB to credit unions: New mortgage regulations level the lending playing field

TRID is good news
After the financial crisis, the government unleashed a wave of new regulation; a move that left credit unions constantly fighting to make sure they don’t drown in the aftermath. The latest speech from CFPB Director Richard Cordray comes off as persuasive, trying to get credit unions to see all the good the rules do for them, but that's not the vibe credit unions received. Is TRID a win for credit unions?
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NAFCU urges legislative action on cyber security

Pushing for higher standards for retailers
Hacking and cyber breaches are on the rise and continue to plague various institutions. To help combat this, the National Association of Federal Credit Unions is working with six other financial trade groups to fight for stronger cyber security regulations.
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Here's how to stop credit unions from dying

More than 1,280 institutions gone in five years
As the government plans for the year ahead, the National Association of Federal Credit Unions’ President and CEO Dan Berger wrote a letter to House and Senate leaders on NAFCU's top legislative priorities of 2016. The letter details the pain points for credit unions that will be a top priority, along with the harsh reality of how regulation is negatively impacting credit unions.
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Could the post office get into the mortgage business?

It’s not as crazy as you might think

For consumers, having a little more choice in banking wouldn’t be the worst thing in the world. We’ve certainly seen what banks can do when left to their own devices. But on the other hand, it’s not like the post office is a bastion of economic excellence either.

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MBA, NAFCU embrace new FHFA direction

Stevens: Shift in focus, new clarity will boost industry
The director of the Federal Housing Finance Agency outlined a broad new shift in housing policy in his first major policy speech at the Brookings Institution in Washington on Tuesday, and initial reaction from leaders in the finance industry is positive.
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