NAFCU
economist talks recession risks on Yahoo! Finance TV
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
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
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.
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Jobs
up 164K in July, reveals slow growth
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
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.
