Also: Q3 data shows CU industry strength; NAFCU, trades meet with FCC on TCPA
NAFCU TODAY | The News You Need Daily.
December 7, 2020
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This week: NAFCU to monitor movement on Capitol Hill, engage on key issues [ [link removed] ]
Members of NAFCU's award-winning government affairs team this week will continue to engage with lawmakers as the House and Senate remain in session and continue negotiations on a coronavirus pandemic-related relief package. Pending congressional intervention, the continuing resolution (CR) signed earlier this year to fund the federal government will expire this Friday, Dec. 11.
Q3 call report data reflects strength of CU industry [ [link removed] ]
Despite the continuing coronavirus pandemic, membership at federally-insured credit unions continued to grow – reaching 123.7 million – according to the NCUA's third quarter call report data. In addition, total assets rose by $248 billion, or 16.1 percent, over the year and ended the third quarter at $1.79 trillion.
NAFCU, trades discuss TCPA exemptions, call blocking with FCC [ [link removed] ]
NAFCU and several financial trade organizations last week held meetings with the Federal Communications Commission (FCC) to discuss erroneous call blocking under the TRACED Act, which is intended to target illegal robocalls, and the commission's notice of proposed rulemaking (NPRM) seeking comment on various exemptions that have been issued under the Telephone Consumer Protection Act (TCPA). The group filed two ex parte letters on these topics to the FCC following the meetings.
More time to save on NAFCU's 2021 conferences [ [link removed] ]
Missed NAFCU's Cyber Monday sale? Another opportunity to save big on the association's 2021 conferences kicks off today. Take $300 off registrations for almost all in-person conferences with code INPERSON and $100 off registrations for virtual conferences with code VIRTUAL.
NAFCU's HOLIDAY savings for online training start today [ [link removed] ]
As credit unions look ahead to training and education opportunities in the new year, NAFCU is committed to providing credit unions with access to the industry's best training opportunities via its Online Training Center. Starting today, the association is offering $300 off all its online training subscriptions.
November jobs reflects lowest gain since rebound [ [link removed] ]
The U.S economy added 245,000 jobs in November, the lowest gain since the economy began to rebound in May. NAFCU Chief Economist and Vice President of Research Curt Long – in a new NAFCU Macro Data Flash report – highlighted that the growth was "not nearly fast enough given the unemployment overhang."
Vehicle sales slow in November, expected to remain flat in coming months [ [link removed] ]
Total vehicle sales slowed in November, falling from 16.3 million annualized units to 15.6 million during the month, representing an 8.1 percent decrease in sales levels versus last year. However, NAFCU Chief Economist and Vice President of Research Curt Long noted that due to the month featuring three fewer selling days and one fewer weekend than in November 2019, “caution is advised in interpreting the monthly results.”
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