Also: Fed report says banking sector ‘sound and resilient overall’; CDFI Fund opens applications for small dollar loan program
NAFCU Today

October 24, 2023

NAFCU reiterates robocall concerns ahead of hearing

NAFCU Vice President of Legislative Affairs Brad Thaler reiterated the association’s support for rules aimed at targeting illegal and fraudulent robocalls, while also detailing concerns about their impact on credit unions, ahead of a Senate Commerce subcommittee hearing today on the issue.

Fed releases financial stability report

The Federal Reserve released the second edition of its biannual Financial Stability Report last week. The report looks at conditions affecting the stability of the financial system and analyzes valuation pressures, borrowing, and funding risks. According to the report, household balance sheets “remained solid” and the banking sector remained “sound and resilient overall.”

Applications now open for CDFI Fund FY24 small dollar loan program

The Community Development Financial Institutions (CDFI) Fund Friday opened applications for the fiscal year 2024 funding round for its small dollar loan program, which is intended to expand consumer access to financial institutions by providing alternatives to high-cost small dollar lending.


Explore Our 2024 Conference Lineup 

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  NAFCU CALENDAR
OCT
23 - 27
Management and Leadership Institute
Annapolis, MD
OCT
31
Check Fraud - Who Bears the Risk?
Webinar
NOV
7 - 9
Lending Conference
New Orleans, LA
NOV
15
Successfully Managing the Bank Acquisition Process
Webinar
JAN
4
Compliance Deadline: FinCEN - Beneficial Ownership Reporting Requirements
Compliance Deadline

🚀 Master CU Compliance: A Comprehensive Journey! 

 

Join fellow industry professionals from March 18 to 22, 2024, in Arlington, VA, for NAFCU's 2024 Regulatory Compliance School. Earn your NCCO certification and receive the 2024 Credit Union Compliance Roadmap next year with your registration! Start Your Compliance Journey 

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