Also: NCUA offering webinars on cybersecurity, CDFI small-dollar lending; Innovation focus of CEOs Conference 2nd day
NAFCU TODAY | The News You Need Daily.
May 13, 2021
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Fed report: Credit card balances fell $49B in Q1 [ [link removed] ]
A new report from the Federal Reserve Bank of New York found that credit card balances saw the second largest quarterly decline in history, falling $49 billion during the first quarter of 2021. The Quarterly Report on Household Debt and Credit looks at several sectors, including mortgages, auto lending, and student loans.
NCUA set to host webinars on cybersecurity, CDFI small-dollar loans [ [link removed] ]
The NCUA announced it is partnering with the Cybersecurity and Infrastructure Security Agency (CISA) and the Community Development Financial Institutions (CDFI) Fund to host webinars later this month on cybersecurity and small-dollar lending, respectively.
Day 2: NAFCU's CEOs Conference highlights innovation [ [link removed] ]
Today, credit union leaders will learn how to build talent, create influence with customer relationship management (CRM), leverage the future of technology, and more during the second day of NAFCU's CEOs and Senior Executives Conference. The conference, being offered as a hybrid event with virtual and in-person attendees in Key West, Fla., runs through tomorrow.
Year-over-year CPI jumps in April; NAFCU doesn’t expect Fed to act on it [ [link removed] ]
On a seasonally-adjusted basis, overall consumer prices rose 0.8 percent in April, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 4.2 percent over the 12-month period. In a new Macro Data Flash report, NAFCU Chief Economist and Vice President of Research Curt Long noted that the year-over-year rise is the "fastest pace of price gains since the summer 2008."
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