Also: New NAFCU Reg Alert breaks down Commerce Dept RFC

May 31, 2022

Register for the CU industry’s most sought-after advocacy event ([link removed] )

Credit unions can now register for NAFCU’s 2022 Congressional Caucus where attendees will have the opportunity to hear from lawmakers and regulators on a wide range of industry topics and all things happening on the Hill. The event, happening September 11-14, will be held in person in Washington D.C.

This Week: Congress in recess, NAFCU monitors Jobs Report ([link removed] )

Congress is back in their districts after several eventful hearings and legislation advancements over the last few weeks. NAFCU will monitor the release of the Bureau of Labor Statistics May Job’s Report this week and is gearing up for a busy next few months with multiple can’t-miss events planned for credit unions.

NAFCU Reg Alert examines Commerce Dept's RFC on CBDC ([link removed] )

NAFCU Friday sent members a Regulatory Alert regarding the Department of Commerce's request for comment (RFC) regarding its development of a framework for enhancing U.S. economic competitiveness in digital asset technologies. The RFC aligns closely with the priorities and objectives outlined in Joe Biden's Executive Order on Ensuring Responsible Development of Digital Assets.

NAFCU’s Congressional Caucus

Support credit unions at the industry’s most intimate advocacy event!

View Agenda ([link removed] )

NAFCU offers support for HUD’s proposal to increase FHA insured mortgage loan term to 40 years ([link removed] )

NAFCU Senior Regulatory Affairs Counsel Aminah Moore Friday wrote to the Department of Housing and Urban Development (HUD) to offer support for its notice of proposed rulemaking (NPRM) that would allow mortgagees to modify a mortgage insured by the Federal Housing Administration (FHA) by recasting the total unpaid loan for a new term limit of 480 months to cure a borrower’s default. These changes would allow mortgagees to reduce the borrower’s monthly payment as the outstanding balance would be spread over a longer time frame. Additionally, use of the 40-year mortgage modification in conjunction with the FHA’s partial claim option can begin immediately and must be offered to eligible borrowers within 90 calendar days.

Unitus 167x300 ([link removed] )

NAFCU CALENDAR ([link removed] )

JUNE

1
CU Research Survey Due ([link removed] )

Topic: Tech and Vendors

JUNE

9
How to Detect and Prevent Employee Fraud ([link removed] )

Webinar

JUNE

9
Bitcoin for Credit Unions: Essential Regulatory Considerations for Adopting Cryptocurrency ([link removed] )

Complimentary Webinar

JUNE

14
The State of Lending: Long term Risks and Opportunities ([link removed] )

Complimentary Webinar

VendorDirectoryAd_Compliance ([link removed] )

NAFCU Regulatory Compliance School On-Demand ([link removed] )

Boost your compliance knowledge and earn your NAFCU Certified Compliance Officer designation, entirely from your home or office, and on your own time.

JOIN THE CONVERSATION:

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Website ([link removed] )

National Association of Federally-Insured Credit Unions. 3138 10th St N Arlington, Virginia 22201

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