WASHINGTON—Staff from NAFCU and several credit unions met with treasury to discuss a number of issues, including liquidity risk.
After reviewing credit union growth in loan share and also discussing tightened underwriting stands, NAFCU said it flagged the fact that while liquidity is better than it was in 2018, the trade group’s Federal Reserve survey found more than half of credit unions remain “very/extremely concerned” about liquidity risk.
Also Discussed
NAFCU said topics of discussion also included:
- The health of the Share Insurance Fund and support for Central Liquidity Facility enhancements.
- Treasury’s report on fintechs from July 2022, with NAFCU expressing support for many of the recommendations in the report and continues to advocate for a stronger supervisory framework for fintechs to ensure a level playing field.
- Various proposed regulations, including the Federal Reserve’s interchange proposal and the CFPB’s proposal to implement Section 1033 of the Dodd-Frank Act.
NAFCU’s Senior Vice President of Government Affairs Greg Mesack, Vice President of Regulatory Affairs Ann Petros, and Senior Counsel for Research and Policy Andrew Morris attended the meeting.
Your Best Holiday Shopping Offer is Here!
The biggest, best and freshest news reporting in credit unions remains free! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?