NAFCU Vice President of Legislative Affairs Brad Thaler wrote to Congress Tuesday to dismantle arguments from retailers that “will tell you that small financial institutions like credit unions won’t be hurt by the bill because it has an exemption for institutions below $100 billion in assets.” Thaler told Congress to not be fooled by the argument, as the retailers made the same argument when the Durbin Amendment was proposed to regulate debit interchange.
NAFCU and CUNA Tuesday sent a joint letter to Senate leadership flagging the consequences of a new amendment to the proposed government funding “minibus” that would extend Military Lending Act (MLA) provisions to all consumers.
CUNA and NAFCU’s websites are updated with recent developments related to the proposed transformation to America’s Credit Unions. Now available are the 2022 financial statements for both organizations, a video of Jim Nussle’s conversation at NAFCU’s 2023 Congressional Caucus where he laid out his vision for the new organization, and refreshed FAQs.
As lawmakers continue to work on government funding issues ahead of a potential shutdown this weekend, NAFCU Vice President of Legislative Affairs Brad Thaler called on lawmakers to prevent a lapse of the National Flood Insurance Program (NFIP).
New home sales fell 8.7 percent in August to 675,000 annualized units, while sales in July were revised down 25,000 units. Compared to last year, August’s sales were 5.8 percent higher. NAFCU Vice President of Research and Chief Economist Curt Long analyzed the data in the Macro Data Flash report.
