NAFCU activates CU grassroots to fight interchange amendment to NDAA

NAFCU is calling on credit unions to fight back against efforts to attach legislation sought by big-box retailers – that would expand interchange price controls – to the fiscal year 2024 National Defense Authorization Act (NDAA). The association’s advocacy efforts kept the bill from being attached to the House version of the NDAA.

Senators set to markup NAFCU-sought changes to address 7(a) rule concerns

NAFCU, along with several other financial trade associations, sent a letter ahead of the Senate Small Business Committee’s markup today to express support for the committee’s effort to address concerns related to recent Small Business Administration (SBA) rulemakings for its 7(a) loan program.

Berger shares importance of CU, gov’t connection at AACUC

NAFCU President and CEO Dan Berger Tuesday presented the keynote address at the African-American Credit Union Coalition’s (AACUC) 25th Anniversary Annual Conference in Atlanta, Ga. In his remarks, Berger discussed how NAFCU fights to preserve the credit union industry’s legacy through its advocacy in Washington, D.C.

ENDS FRIDAY: $200.00 savings with code CFO23SAVINGS

All CFOs, Controllers and VPs of Finance should attend NAFCU’s CFO Summit in Las Vegas! 

Fed flags risks of AI in fair lending

Federal Reserve Vice Chair for Supervision Michael Barr in a speech Tuesday flagged several fair lending risks associated with using artificial intelligence (AI) technologies. Barr’s remarks were consistent with past observations made by federal financial regulators, including the NCUA and CFPB, as they consider guidance and regulations related to these technologies.

NCUA rep testifies before lawmakers on climate-related risk, regulation

NCUA Deputy Executive Director Rendell Jones testified before lawmakers Tuesday during a House Financial Services Subcommittee on Financial Institutions and Monetary Policy hearing to examine financial institutions’ risk management frameworks and the role financial regulators play in climate-related financial risks.

June retail sales increase for 3rd consecutive month

Total retail sales increased 0.2 percent in June following gains in April and May. NAFCU Economist Noah Yosif analyzed the report in a new NAFCU Macro Data Flash report.