Caucus
launches with conversation between Sec. Rice, Berger
NAFCU's annual
Congressional Caucus kicks off today with credit union leaders from around the
country set to join the association's award-winning advocacy team and high-profile
Washington decision makers in a reimagined virtual format. Leading the lineup
today: 66th U.S. Secretary of State Condoleezza Rice.
This
week: NAFCU hosts annual Caucus, meets with FASB on CECL
NAFCU's
virtual annual Congressional Caucus kicks off this afternoon with welcome remarks
from NACFU President and CEO Dan Berger, agency updates from CFPB Director Kathy
Kraninger and Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria,
and more. On Capitol Hill, lawmakers will continue discussions related to coronavirus pandemic relief efforts.
NCUA
publishes FOM rule to resolve litigation issues
The NCUA today published
in the Federal Register its final rule to resolve litigation surrounding its 2016
field of membership (FOM) rule. The rule is set to take effect 30 days after publication, or Oct. 14.
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!
NAFCU
files amicus brief to support narrow 'autodialer' definition
NAFCU Friday joined with several other organizations to file an amicus brief with
the Supreme Court arguing that a broad interpretation of what qualifies as an
autodialer violates the First Amendment and severely limits businesses' ability
to effectively communicate important information to members and customers.
Fed
to offer PPPLF updates during 'Ask The Fed' webinar
The Federal
Reserve announced it will host a webinar through its "Ask the Fed" program
for all eligible Paycheck Protection Program Liquidity Facility (PPPLF) participants,
or Small Business Administration qualified lenders, on Sept. 18. The webinar will
provide a comprehensive update on reporting requirements, as well as information
on the paydown process for PPPLF participants that receive loan paydown payments
on paycheck protection program (PPP) loans that are pledged to the PPPLF.
CPI
continues slow rise despite uncertainties around consumer demand
In
August, overall consumer prices rose 0.4 percent on a seasonally-adjusted basis.
Additionally, the Bureau of Labor Statistics reported that the overall consumer
price index (CPI) grew 1.3 percent over the 12-month period.
