Also: Innovative products, NCUA reinstating FOMs, more to know this week; SCOTUS to hear autodialer, FHFA cases



NAFCU TODAY | The News You Need Daily.

July 10, 2020



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NAFCU, 100+ trades urge Congress to pass bill to ease PPP forgiveness [ [link removed] ]
NAFCU Thursday joined with more than 140 other trade groups – representing various industries and businesses – to urge Congress to pass bipartisan legislation that would ease the forgiveness process for paycheck protection program (PPP) loans under $150,000. NAFCU has called on lawmakers and the Small Business Administration (SBA) to support automatic forgiveness for these loans.


5 things to know this week [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.


SCOTUS to hear cases on autodialer, FHFA structure [ [link removed] ]
The U.S. Supreme Court Thursday agreed to hear a lawsuit challenging the Telephone Consumer Protection Act's (TCPA) definition of an automatic telephone dialing system (ATDS, or autodialer), as well as one related to the single-director structure of the Federal Housing Finance Agency (FHFA).






Q1 CU trends show stable growth [ [link removed] ]
NAFCU's first-quarter CU Industry Trends report revealed year-over-year growth rates were stable, with loan growth increasing slightly due to higher mortgage refinancing activity. In addition, borrowings rose as credit unions boosted cash and short-term investments.


NAFCU urges FCC to protect legitimate callers, discusses efforts with staff [ [link removed] ]
In response to the Federal Communication Commission's (FCC) further notice of proposed rulemaking (FNPR) seeking comment on traceback efforts, NAFCU's Elizabeth LaBerge reiterated the association's call to protect legitimate callers and ensure consumers "receive important information they want and need."


Consumer credit slides again in May; NAFCU expects continued decline [ [link removed] ]
Total consumer credit fell 5.3 percent in May (seasonally-adjusted, annualized); however, it is up 0.9 percent versus a year ago. NAFCU Chief Economist and Vice President of Research Curt Long predicted a continued declined as the number of coronavirus cases rise in a NAFCU Macro Data Flash report.



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