This
week: NAFCU, CUs meet with Treasury's Muzinich; CFPB holds symposium on data access
Congress returns to session this week and NAFCU will be active on Capitol Hill
as the House Financial Services Committee holds a markup of several bills. The
association and credit unions will also meet with Treasury Department Deputy Secretary
Justin Muzinich and attend the CFPB's symposium on consumer access to financial records.
NAFCU's
Berger joins CNN International, talks coronavirus' economic impact
NAFCU President and CEO Dan Berger joined CNN International's Quest Means
Business last week to discuss the impact the coronavirus is having on the U.S. and global economies.
America
Saves Week: Commit to saving successfully
America Saves Week kicks
off today, and throughout the week NAFCU is highlighting the efforts of member
credit unions with strong financial education programs. America Saves Week has
been an annual celebration and call to action since 2007 and – with more than
1,700 organizations involved – the week-long program encourages everyday Americans to commit to saving successfully.
CFPB
issues updated debt collection proposal
The CFPB Friday published a
supplemental notice of proposed rulemaking related to the issue of time-barred
debt. Debt collection was included on the CFPB's fall rulemaking agenda and
NAFCU has urged the bureau to exempt credit unions from any rulemakings on the
issue. The rule, as proposed, does not apply to credit unions.
NAFCU
expects steady growth for existing-home sales in 2020
Existing-home
sales decreased 1.3 percent in January to a seasonally-adjusted, annual rate of
5.46 million units. This represents a 9.6 percent increase in sales versus a year
ago and NAFCU Chief Economist and Vice President of Research Curt Long said growth
is expected to continue steadily in a new Macro Data Flash report.
