Also: Small biz lending increased after recession, says CFPB; Thaler touts CUs' service in underserved areas



NAFCU TODAY | The News You Need Daily.

January 30, 2020



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NAFCU to FCC: Stop service providers' aggressive call blocking [ [link removed] ]
NAFCU reiterated concerns about the negative effects of current rules in place to combat illegal robocalls in a letter to the Federal Communications Commission (FCC) sent yesterday in response to a notice and request for comment about the effects of its call blocking order.


CFPB report: Small biz lending increased post-recession, more CUs offering products [ [link removed] ]
A new data point from the CFPB found that small business lending has increased following the Great Recession; however, lenders in the median county made half the number of loans per business in 2017 as they had in 2004. The report, released Tuesday, details the evolution of small business lending before, during, and following the Great Recession.


Thaler urges lawmakers to allow CUs to serve underserved areas [ [link removed] ]
Ahead of the House Financial Services Task Force on Financial Technology hearing to discuss the rise of mobile payments, NAFCU Vice President of Legislative Affairs Brad Thaler urged the task force "to support efforts to allow all types of credit unions to add underserved areas to their fields of membership." NAFCU, as the credit union industry's Washington Watchdog, is a leader in calling for a level playing field among fintech companies and financial institutions, and for a safe, secure faster payments system.


NAFCU's 2020 Advocacy Priorities. Because to us, it's personal. Read Advocacy Priorities [link removed]



Fed holds rates to start year [ [link removed] ]
The Federal Open Market Committee (FOMC), at the close of its first policy-setting meeting of 2020, maintained rates at the current range of 1.5 percent to 1.75 percent. NAFCU Chief Economist and Vice President of Research Curt Long said the association doesn't expect any rate changes "for at least the first half of the year."


Ahead of House passage, NAFCU shares Comprehensive CREDIT Act concerns [ [link removed] ]
The House yesterday passed H.R. 3621, the Comprehensive CREDIT Act of 2020; it now heads to the Senate for consideration. The legislation is a compilation of six bills reported out of the House Financial Services Committee last year.



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