Also: 4 things to know; NAFCU's Compliance Blog roundup



NAFCU TODAY | The News You Need Daily.

June 4, 2021



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ICYMI: NAFCU Network insight post flags FDCPA litigation for CUs [ [link removed] ]
In a recent post on NAFCU’s Compliance, Risk, & BSA Network, NAFCU Senior Regulatory Affairs Counsel Kaley Schafer reviews recent litigation related to the Fair Debt Collection Practices Act (FDCPA) that present significant impacts for financial institutions located in the 11th Circuit Court of Appeals jurisdiction and could have broader impacts on interpretation of the FDCPA – especially for credit unions where a state law requires creditors to follow the FDCPA.


4 things to know this week [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources:


Compliance Blog roundup: Inactive HELOCs, CFPB OSA 2020 annual report [ [link removed] ]
As credit unions work to meet the needs of more than 124 million Americans during the coronavirus pandemic, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday. This past Monday NAFCU closed to observe Memorial Day. 

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Vehicle sales slip slightly in May [ [link removed] ]
Total vehicle sales fell from 18.8 million annualized units to 17 million annualized units in May. Monthly sales levels were up 40.3 percent year over year. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new Macro Data Flash report.



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