A new Senate plan would insure and regulate mortgage backed securities like credit union deposits.
Failure to pass the bill could mean skyrocketing premiums that could drop home values, NAFCU's Brad Thaler says.
Responding to calls for an improved exam process, NCUA Chairman Debbie Matz Tuesday released a letter to credit union that details the agency’s plans to separate Documents of Resolution from Examiner’s Findings and include documented support for DORs.
A bill passed Oct. 5 by the House of Representatives that would grant back pay to furloughed federal employees in the government shutdown stalled in the Senate. As of Oct. 10, the Democratic-controlled Senate had yet to vote on the bill, which passed 407-0 in the Republican-controlled House.
A bill passed by the House that would grant back pay to furloughed federal employees in the government shutdown has stalled in the Senate.
Beginning in January 2014, DORs will include a description of material problems, along with corrective actions agreed upon by examiners and credit unions.
Perhaps it’s the lack of teleprompters or the relatively small room, but this year’s NAFCU Congressional Caucus provided intimate, and at times revealing, speeches from lawmakers.
This year’s NAFCU Congressional Caucus provided intimate, and at times revealing, speeches from lawmakers.
Legislative machinations over housing finance, expressions of credit union support and some personal touches marked NAFCU's caucus on Tuesday.