Stay
connected to Washington with NAFCU's Virtual Caucus
Looking to
stay politically active amid the coronavirus pandemic? NAFCU is revamping its
annual Congressional Caucus to a virtual event to ensure credit unions across
the country can connect with lawmakers and regulators on key credit union issues at the federal level.
New
survey: 40% have had difficulty paying bills
The CFPB released results
from its Making Ends Meet Survey – conducted in May 2019 – which revealed
that more than 40 percent of U.S. consumers had a difficult time paying a bill
or expense in the last year. The bureau is currently conducting a follow-up survey
to determine how the coronavirus pandemic has impacted respondents' financial stability.
NAFCU's
compliance resources assist CUs virtually
During these uncertain times,
NAFCU is working hard to ensure credit unions maintain access to the association's
top-rated educational resources and can connect with industry peers while prioritizing
the health and safety of their staff and members. Here is a closer look at some
of the virtual events and resources available from the association’s award-winning Regulatory Compliance Team.
NAFCU's
Credit Union Compliance Roadmap is now available!
NAFCU's Credit
Union Compliance GPS is now the Credit Union Compliance Roadmap. Download a sneak
peek today!
CFPB
releases study on credit builder loans
The CFPB Monday released findings
from a study in which it partnered with a credit union to better understand the
impact credit builder loans (CBLs) have on consumers, particularly those who are
"credit invisible." The study found that CBLs helped increase credit
scores among consumers with no existing debt and increased average savings balances among participants.
CUs:
Share thoughts on mortgage lending trends
As NAFCU continues to advocate
for the industry amid the coronavirus pandemic, the association's monthly
Economic & CU Monitor survey offers an opportunity for credit unions to provide
direct feedback and further inform these efforts. This month's survey is
focused on mortgage lending, including topics such as loan forbearance and delinquency rates.
