CFPB releases small dollar lending FAQs
The CFPB Tuesday released several new Frequently Asked Questions (FAQs) related to its Small Dollar Lending Rule. The Bureau issued the final rule last month, which includes the rescission of mandatory underwriting requirements – including ability-to-repay (ATR) provisions – from the 2017 payday lending rule.

Appeals court agrees on expanded 'autodialer' definition ahead of SCOTUS case
The U.S. Court of Appeals for the Sixth Circuit recently agreed with the Ninth and Second Circuits on an expanded definition of an automatic telephone dialing system (autodialer) under the Telephone Consumer Protection Act (TCPA), providing further evidence of a split between the lower courts on this issue.

ICYMI: NAFCU fills clear gap in industry with new network
NAFCU is proud to offer its member credit unions exclusive opportunities to connect with industry professionals to develop strategies to grow, better serve members, and address issues impacting operations. NAFCU Networks are a go-to source to gain insights into how institutions are adopting new practices and adjusting to changing regulations.

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NAFCU offering several webinars on important CU issues this month
NAFCU this month is offering several webinars on key industry issues ranging from how the internal auditing process has been impacted during the coronavirus pandemic, to how credit unions can determine which social media platform works best for them to connect with members.

CUs: A penny for your thoughts?
Amid the coronavirus pandemic, consumers are using physical currency less frequently, which has resulted in fewer coins moving through the supply chain. NAFCU member credit unions are encouraged to submit responses to this month's Economic & CU Monitor survey by Friday and share their recent experiences related to coin circulation and member coin deposits.