Also: NAFCU adds CU champions to Caucus lineup, supports enhanced data security under safeguards rule
NAFCU TODAY | The News You Need Daily.
August 5, 2019
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NAFCU economist talks recession risks on Yahoo! Finance TV [ [link removed] ]
Joining Yahoo! Finance's premier closing bell show, The Final Round, NAFCU Chief Economist and Vice President of Research Curt Long noted his expectation that a recession is still approximately a year away, but that there are some economic headwinds.
This week: Congress on recess; NAFCU secures key lawmakers for Caucus [ [link removed] ]
As the House and Senate are in their home districts and states for the August recess, NAFCU continues to add notable lawmakers and officials to the Congressional Caucus lineup. The association's annual Congressional Caucus brings hundreds of credit union representatives to Washington, D.C., to join its award-winning advocacy efforts. See who's coming.
NAFCU supports enhanced data security protections under safeguards proposal [ [link removed] ]
NAFCU's Andrew Morris shared the association's support of the Federal Trade Commission's (FTC) efforts to modernize its Safeguards Rule in a letter sent Friday. The proposed amendments would amend the FTC's implementation of the Gramm-Leach Bliley Act's (GLBA) safeguards provisions by aligning data security standards for nonbank financial companies more closely with those already established by prudential regulators.
Jobs up 164K in July, reveals slow growth [ [link removed] ]
NAFCU Chief Economist and Vice President of Research Curt Long noted that Friday's jobs report – with 164,000 jobs gained in July – reveals that the labor market is "growing, but slowly" – tracking with the overall economy.
Vehicle sales stay flat in July [ [link removed] ]
Total vehicle sales in July were "right where they have hovered for several years running," said NAFCU Chief Economist and Vice President of Research Curt Long as they decreased slightly to a rate of 17 million annualized units during the month.
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