After the House Tuesday passed another continuing resolution (CR), the Senate followed suit and passed the CR Wednesday night. The legislation provides two staggered deadlines to fund the government early next year: military construction, veterans’ affairs, transportation, housing, and the Energy Department would be funded until Jan. 19, 2024, while the rest of the government would be funded until Feb. 2.
The NCUA Board is scheduled to hold a public hearing on its 2024-2025 proposed budget today at 2 p.m. Eastern. NAFCU Vice President of Research and Chief Economist Curt Long will provide testimony at the hearing.
Credit unions can now access a new episode of the Credit Union Policy Podcast (CUPP) and the latest post on the NAFCU Compliance Blog, which both break down the NCUA’s financial innovation rule. The rule clarifies the NCUA’s regulations and allows credit unions more flexibility to use advanced technology for loan originations, indirect lending, and more. It was finalized at the agency’s September board meeting.
🥳 Back after a Sell-out Year!
Unlock next-level success for your credit union's growth at the 2024 Strategic Growth Conference in beautiful Savannah, GA, March 11 - 13. Hurry! This conference is selling quickly again this year!
The CFPB Wednesday announced it had ordered Enova International Inc., an online lending company, to pay $15 million for illegal conduct. The bureau claimed Enova had engaged in “withdrawing funds from customers’ bank accounts without their permission, making deceptive statements about loans, and cancelling loan extensions.” Enova was fined $3.2 million in 2019 for similar conduct.
Total retail sales increased 0.1 percent in October, compared to a 0.9 percent increase in September. NAFCU Vice President of Research and Chief Economist Curt Long analyzed the report in a new NAFCU Macro Data Flash report.
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