The House Small Business Committee today will discuss ways to support veteran-owned small businesses. Ahead of the hearing, NAFCU Vice President of Legislative Affairs Brad Thaler reiterated that “[c]redit unions are an important resource for our nation’s veterans in their small business and entrepreneurial endeavors.”
The House Financial Services Committee holds a markup today that includes two bills NAFCU is engaged on related to financial regulator transparency and the government-sponsored enterprises’ (GSEs) guarantee fees. NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the committee outlining the association’s perspective on the bills.
New home sales increased 4.1 percent in April to 683,000 annualized units, while sales in March were revised down 27,000 units. Compared to last year, April’s sales were 11.8 percent higher. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the data in the Macro Data Flash report.
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The CFPB yesterday announced a settlement with Citizens Bank over allegations that the bank “violated consumer financial protection laws and rules that protect individuals when they dispute credit card transactions.” If approved by the court, Citizens Bank will be required to pay a $9 million civil penalty.
NAFCU staff and member credit unions joined the CFPB’s Office of Older Americans for a roundtable discussion on age-friendly banking practices Tuesday. The event covered several topics of note, including digital access and digital literacy, as well as how credit unions handle powers of attorney and other fiduciary documentation.
NAFCU Tuesday sent member credit unions a Regulatory Alert detailing the Federal Housing Financial Agency’s (FHFA) request for information (RFI) on the government-sponsored enterprises’ (GSEs) single-family pricing framework. In addition, FHFA Director Sandra Thompson provided insights into the issue during a House Financial Services Committee oversight hearing.
NAFCU's latest Economic & CU Monitor – now available for download – examines the latest economic trends and highlights National Financial Capability Month.
