Also: Work continues on relief; New table breaks down guidance; Latest developments in NAFCU call next week



NAFCU TODAY | The News You Need Daily.

March 25, 2020



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NAFCU's Long on CUbroadcast: Unemployment claims expected to exceed 3M [ [link removed] ]
Joining CUbroadcast this week, NAFCU Chief Economist and Vice President of Research Curt Long shared an economic update with viewers in light of the coronavirus outbreak.


Senate work continues on Phase 3; NAFCU releases table on coronavirus guidance [ [link removed] ]
Negotiations in the Senate continued Tuesday on the Phase 3 coronavirus relief package. NAFCU's advocacy team has been aggressively lobbying Capitol Hill and working with agencies and regulators to ensure credit unions concerns are addressed. The association also has a new table outlining guidance from regulators to help credit unions identify recent changes to rules and operations.


Register now for coronavirus briefing, NCUA updates, more [ [link removed] ]
As lawmakers continue to look at ways to provide consumers, businesses, and financial institutions with relief to support recovery from the coronavirus pandemic, credit unions will hear important updates from NAFCU's award-winning advocacy team on the association's Q1 Member Call-In happening March 31. NAFCU President and CEO Dan Berger will be joined on the call – set to begin at 4 p.m. Eastern – by Executive Vice President of Government Affairs and General Counsel Carrie Hunt and other senior staff.






NAFCU resources available to support CUs [ [link removed] ]
NAFCU is committed to ensuring credit unions' success and continued growth. That's why during the coronavirus pandemic, the association's award-winning advocacy team has stepped up its lobbying to ensure credit unions are protected and receive relief.


Appeals court vacates decision, reopens case on CFPB structure [ [link removed] ]
The Fifth Circuit Court of Appeals last week reversed its decision regarding the CFPB's constitutionality, reopening the case CFPB v. All American Check Cashing and granting a rehearing en banc. The Fifth Circuit had previously found that the CFPB’s structure was constitutional, but determined the issue was ultimately in the hands of the U.S. Supreme Court.


New-home sales: NAFCU expects continued drop followed by modest rebound [ [link removed] ]
New-home sales fell 4.4 percent from January's revised rate of 800,000 annualized units to 765,000 units in February. NAFCU Chief Economist and Vice President of Research Curt Long noted growth in sales in all four regions compared to a year ago.



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