Newsroom
Calabria confirmed as FHFA director
![Kossachev, Calabria](/sites/default/files/inline-images/Kosschev%2C%20Calabria_0.jpg)
The Senate today confirmed Dr. Mark Calabria to be director of the Federal Housing Finance Agency (FHFA). NAFCU has met with Calabria several times and NAFCU President and CEO Dan Berger offered his congratulations to Calabria on his confirmation.
"Dr. Calabria has a strong understanding of credit unions' needs in housing finance reform and NAFCU looks forward to continuing to work with him as he leads the FHFA," Berger said. "Our nation's housing finance system is in need of reform and we are confident Dr. Calabria has the necessary expertise and relationships to coordinate these efforts between the numerous stakeholders."
Calabria previously served as chief economist for Vice President Mike Pence; he will replace acting FHFA Director Joseph Otting, with whom NAFCU has also met and shared its housing finance reform principles. NAFCU supported Calabria's nomination as FHFA director, noting his "unique combination of policy, regulatory and housing expertise."
NAFCU has urged the administration and Congress to work together on a comprehensive solution to housing finance reform, and has argued that the continued conservatorship of the government-sponsored enterprises (GSEs) is unsustainable – a view shared by Calabria. Calabria also supports NAFCU's position on allowing the GSEs to rebuild capital.
NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt recently testified before the Senate Banking Committee on housing finance reform, stressing the need for credit unions' unfettered access to the secondary mortgage market.
President Donald Trump also recently issued a presidential memorandum on the issue, which included a number of NAFCU-supported provisions.
NAFCU has previously shared its core principles for housing financial reform that should be included in any final reform measures with Calabria, lawmakers and numerous officials in the Trump administration.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically. [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters. [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public
The Evolving Role of the CISO in Credit Unions
preferred partner
DefenseStorm
Podcast
AI in Action: Redefining Disaster Preparedness and Financial Security
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public
2024 Mid-Year Fraud Review
Strategy & Growth, Consumer Lending
preferred partner
Allied Solutions
Podcast
Get daily updates.
Subscribe to NAFCU today.