New housing bill a mixed bag for credit unions

first_imgYesterday, Sen. Elizabeth Warren, D-Mass., released a modified version of her comprehensive housing reform bill, the American Housing and Economic Mobility Act of 2019. While the updated legislation would not subject credit unions to Community Reinvestment Act (CRA) regulations, the bill would introduce new regulatory burdens for some community chartered credit unions and credit unions that seek to add underserved areas.“We thank Senator Warren for updating her legislation to no longer subject credit unions to CRA regulations, which were designed to prevent banks from engaging in discriminatory lending practices,” said NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt. “Additionally, we appreciate that the bill seeks allow all types of credit unions to add underserved areas to their fields of memberships. However, we have concerns about the new regulatory and examination burdens that would be placed on credit unions that add underserved areas.“While the bill makes improvements over the previous version, NAFCU continues to have concerns about some of the language as we want to ensure that credit unions that want to assist communities that other institutions have left behind are not subject to new CRA-like regulations, just under a different name. There’s absolutely no reason for credit unions to be subject to new regulations.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Don’t forget about the future

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » The world we’re currently operating in makes it difficult to look past the end of the week. Our businesses have been disrupted by the coronavirus pandemic. New issues and concerns arise almost daily.We’ve all had to make sacrifices – whether it’s canceling an event, reducing hours, or closing up shop and hoping for a return. Right now, our main goal is just to make it through. But what happens when we get to the end of this? Will you be prepared for the future?Leadership guru Dan Rockwell has some good insights from a recent conversation with strategic innovation consultant and author Mark Johnson, where the two discussed how “volatility makes long-term thinking more important.”The approach Johnson takes to execute on vision is using “future-back” thinking. This way of thinking is used to develop strategy, while “present-forward” thinking is used to execute. Here are a few examples of the differences between the two ways of thinking:last_img read more

MINISTER FOR HEALTH TO OPEN NEW LETTERKENNY HOSPITAL WING

first_imgThe Minister for Health, Dr James Reilly, is to officially open the new Emergency Department and Medical Block at Letterkenny General Hospital.The opening of the new facility will take place on Friday, March 22nd at 10am.  MINISTER FOR HEALTH TO OPEN NEW LETTERKENNY HOSPITAL WING was last modified: March 12th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Dr James ReillyLetterkenny General Hospitalwinglast_img read more