Also: Consumer credit rises in April; ICYMI; May-June NAFCU Journal offers insights on post-COVID remote work, compliance



NAFCU TODAY | The News You Need Daily.

June 9, 2021



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NAFCU seeks CU feedback on Fed’s FedNow proposal [ [link removed] ]
The Federal Reserve last week issued a proposed rule to govern funds transfers over its FedNow Service that would establish a new, comprehensive set of rules and set out legal rights and obligations of the Reserve Banks and FedNow Service participants. In a new Regulatory Alert sent to members Tuesday, NAFCU seeks credit union feedback on the proposal.


Consumer credit rises in April [ [link removed] ]
Total consumer credit rose 5.3 percent, at a seasonally-adjusted, annualized rate, in April and is up 2.4 percent versus a year ago. Revolving credit, which is primarily credit cards, fell 2.4 percent during the month and is down 5.5 percent compared to April 2020.


ICYMI: May-June NAFCU Journal offers insights on post-COVID remote work, compliance [ [link removed] ]
The May-June edition of The NAFCU Journal is available on the association's  virtual hub and includes several recurring columns featuring important industry trends and valuable insights from NAFCU and credit union leaders. 








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