Photos: Onsite at NAFCU Annual Conference
LAS VEGAS - NAFCU's Annual Conference kicked off Tuesday, offering a full schedule of keynote speakers and breakout sessions. Here, conference goers visit during Wednesday morning's general session networking breakfast.
NAFCU President/CEO Dan Berger said during his general session speech Wednesday that his trade's $7 billion estimated cost of the NCUA's risk-based capital rule is accurate. NCUA Chairman Debbie Matz has disputed the figure, saying the cost for affected credit unions to comply is only $663 million.
Lee Wetherington, director of strategic insight at ProfitStars, discussed mobile banking trends. He said 70% of consumers don't mind financial institutions analyzing their transactions, and encouraged credit unions to use that data to help members make better purchasing decisions.
Doug Duncan, senior economist at Freddie Mae, said during his general session the U.S. is expected to produce $1.1 trillion in mortgage loans this year.
Andy Vanderhoff, CEO of Quantivate, provided tips for a regulator-friendly vendor management program. Here he chats after his presentation with a conference attendee.
Andrew Keeney, attorney with the lawfirm Kaufman & Canoles, spoke at a breakout session on the TILA/RESPA regulations implemented earlier this year by the CFPB. He said by August 2015, when full compliance is required, experts estimate compliance related costs will run $35 per real estate loan application.