The Federal Housing Finance Agency, the regulator and manager of government-owned Fannie Mae and Freddie Mac, is poised to start to restructure the secondary mortgage market whether credit unions, banks or legislators are ready or not.
While the NCUA’s Office of Minority and Women Inclusion was created to ensure diversity in management, employment and business activities, the two-year old division has much more room to have an impact.
CUNA expands regulatory Advocacy Report distribution while NAFCU reports sharp uptick in compliance help requests.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Becker said he's heard reports of interest rate risk being tested under what he called "absurd" scenarios.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
NAFCU last week outlined a five-point regulatory relief plan the trade will pursue this year.
NCUA chair touts stewardship of four agency funds.
House passed privacy notice reduction legislation in December but Senate never took it up.
Measure would allow NCUA to allow healthy, well-managed credit unions to accept supplemental forms of capital.