NAFCU to CFPB: Provide more clarity, official rule for ‘abusive’ prong

In response to the CFPB’s policy statement on how it defines “abusive” under its unfair, deceptive, or abusive acts or practices (UDAAP) authority, NAFCU Senior Regulatory Affairs Counsel James Akin reiterated the association’s call for the bureau to provide more clarity through an official rulemaking process.

NCUA releases 2022 MDI report

The NCUA Wednesday released its annual report to Congress on the performance of minority depository institution (MDI) credit unions. The agency highlighted that MDI credit unions saw growth in membership, assets, and loans in 2022.

FOMC minutes highlights ‘unacceptably high’ inflation

The Federal Open Market Committee (FOMC) yesterday released minutes from its June meeting, revealing the committee agrees that “inflation was unacceptably high” and that lowering inflation has been “slower than expected.”

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Fight for your members on Capitol Hill. Don’t miss NAFCU’s Congressional Caucus this September 10 – 13, 2023 in Washington, D.C.  

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Now available: Flip through the July-August issue of The NAFCU Journal

The July-August issue of The NAFCU Journal is available now. Features include a profile celebrating Dan Berger’s 10-year anniversary as president and CEO of the association, as well as an economic outlook for the second half of 2023. Content from this issue can be viewed anytime on the magazine’s virtual hub.