Federal Housing Finance Agency (FHFA) Director Sandra Thompson joined NAFCU President and CEO Dan Berger for a fireside chat to discuss the housing finance system during the final day of NAFCU’s Congressional Caucus. Attendees also heard from NCUA Vice Chairman Kyle Hauptman who remarked on the special nature of the credit union industry.
A new report from the Progressive Policy Institute (PPI) calls on Congress to rethink extending debit interchange restrictions to credit cards, highlighting that “there is considerable evidence that extending the Durbin Amendment to credit cards would not only fail to provide consumers with any savings, it could actually leave them worse off.”
Sen. Bill Hagerty, R-Tenn., and Reps. Vicente Gonzalez, D-Texas, Bill Huizenga, R-Mich., Rep. Dan Kildee, D-Mich., and Juan Vargas, D-Calif., addressed attendees Wednesday to wrap up NAFCU’s 2023 Congressional Caucus.
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During Congressional Caucus Wednesday, NAFCU Senior Counsel for Research and Policy Andrew Morris moderated a panel discussion on the FedNow Service with key stakeholders who shared their perspective on the instant payments platform.
Ahead of today’s House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion hearing on the implications of a central bank digital currency (CBDC), NAFCU Vice President of Legislative Affairs Brad Thaler reiterated the association’s opposition to the currency’s development.
On a seasonally-adjusted basis, overall consumer prices rose 0.6 percent in August, with the overall consumer price index (CPI) rising 3.7 percent year-over-year. NAFCU Economist Noah Yosif analyzed the data in a new Macro Data Flash report.
As credit unions work to meet the needs of more than 138 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday and Wednesday.
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