Eight Republican senators wrote to the CFPB Friday urging the bureau for a “nationwide stay of the effective date of its Section 1071 rule” after a U.S. District Court in Texas provided relief only to specific institutions. NAFCU has consistently raised concerns about the rule’s negative impact on credit unions’ small business lending and continues to advocate for relief.
NAFCU Senior Counsel for Research and Policy Andrew Morris responded to the NCUA’s request for comment (RFC) on its proposed changes to operating fee structure methodology with recommendations to improve the methodology and increase its cost effectiveness.
The September-October issue of The NAFCU Journal is available now. Features include strategies to meet members needs around digital assets as well as a one-on-one interview with NCUA Board Member Rodney Hood. Content from this issue can be viewed anytime on the magazine’s virtual hub.
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Total vehicle sales decreased 800,000 annualized units in August and monthly sales levels were up 16.6 percent year over year. NAFCU Economist Noah Yosif analyzed the data in a new Macro Data Flash report.
