NAFCU
opposes another Wall Street power grab
JPMorgan Chase has proposed
to the U.S. Postal Service that it be allowed to offer financial services in post
offices, according to a report from The Capitol Forum. Additional reports confirm
the bank had "preliminary conversations" with the USPS about leasing space to place ATMs.
HUD to extend foreclosure ban
The Department of Housing and Urban Development (HUD) announced it plans to extend
its foreclosure and eviction moratorium through the end of the year, according
to news reports, as homeowners continue to deal with the impact of the coronavirus
pandemic. The moratorium had been set to expire Aug. 31.
COVID-19
uncertainty may lead to more Fed accommodation
According to NAFCU's
Curt Long, the "next rate hike is still a long way off" following the
release of minutes from the Federal Open Market Committee's (FOMC) July videoconference
meeting. Members flagged remaining uncertainty about the path of the coronavirus
that "will weigh heavily on economic activity, employment, and inflation
in the near term, and poses considerable risks to the economic outlook over the medium term."
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CFPB
adds 60 days to comment period on ECOA, Reg B
As the CFPB gathers feedback
on ways to ensure a regulatory environment that expands access to credit and ensures
all consumers and communities are protected from discriminatory practices in all
aspects of a credit transaction, the bureau is extending the comment period to Dec. 1.
