NAFCU
calls for CU advocacy to continue to fight NDAA nominal lease provision
Earlier this week, NAFCU Vice President of Legislative Affairs Brad Thaler sent
NAFCU members a new Action Alert with a comprehensive update on the fiscal year
2021 National Defense Authorization Act (NDAA), including the status of nominal
leases on military bases and facilities. Thaler encouraged credit unions to join
the association in its advocacy to push back against the provision and to voice
the possible disadvantages credit unions may face if it were to be included in the final bill.
5 things to know this week
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 news related
to the bitcoin scam on Twitter, discriminatory mortgage lending practices, and more.
FCC
includes NAFCU-sought asks in call blocking order
The Federal Communication
Commission (FCC) yesterday issued an order related to the establishment of a safe
harbor from liability for voice service providers (VSPs) that block unwanted calls,
as well as a further notice of proposed rulemaking (FNPR) to better inform call blocking efforts.
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!
New
Compliance Monitor tackles wire transfers, highlights recent SCOTUS decisions
The July edition of NAFCU's Compliance Monitor is now available in its
digital format and features an in-depth look at sending and receiving consumer
wire transfers. The monthly e-newsletter is a free, member-only benefit designed
to help credit union compliance officers stay up-to-date on the latest issues and manage their responsibilities.
NAFCU's
Thaler pushes for simplified PPP forgiveness process
Ahead of today's
House Small Business Committee oversight hearing of the Small Business Administration
(SBA) and Treasury Department's programs created to help mitigate the effects
of the coronavirus pandemic, NAFCU's Brad Thaler reiterated the association's
call to simplify the forgiveness application processes for paycheck protection program (PPP) loans.
CFPB
releases insights into COVID-19 complaints
The CFPB Thursday released
a report on more than 8,000 consumer complaints received from January to May that
mention coronavirus or related terms. The top three issues were related to mortgages,
credit cards, and consumer credit reporting.
This
week in compliance: Post-forbearance options, FinCEN advisory, more
As credit unions work to meet the needs of their members and communities amid
the coronavirus pandemic and restore normal operations, NAFCU's award-winning
Regulatory Compliance Team is keeping the industry informed of the latest developments
and available resources via the Compliance Blog every Monday, Wednesday, and Friday.
Future
of retail sales rebound 'clouded,' says NAFCU
Following a
record 18.2 percent rebound in May, retail sales continued to recover in June
and rose 7.5 percent. NAFCU's Curt Long noted the increase was supported
by spending in discretionary sectors, such as apparel stores which saw a 105 percent gain.
