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.
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.”
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.
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