Also: NAFCU Reg Committee discusses NCUA, Fed proposals, proposed FY22 budget; New CFPB report analyzes lending patterns
NAFCU TODAY | The News You Need Daily.
June 16, 2021
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244 credit unions received $401.8 million in awards through CDFI RRP [ [link removed] ]
Yesterday, the Department of Treasury announced community development financial institutions (CDFIs) awards from its Rapid Response Program (RRP) and 244 credit unions received $401.8 million in grants.
NAFCU Reg Committee discusses NCUA, Fed proposals, proposed FY22 budget [ [link removed] ]
NAFCU's Regulatory Committee met Tuesday and discussed a number of proposed rulemakings currently open for comment from the NCUA and the Federal Reserve. NAFCU staff also provided an overview of recent developments on the association’s advocacy efforts related to President Joe Biden’s proposed budget for fiscal year 2022.
New CFPB report analyzes lending patterns [ [link removed] ]
The CFPB Monday issued a report analyzing lending patterns present for lenders below and above the 100-loan closed-end threshold set by the Home Mortgage Disclosure Act (HMDA) rule. Of note, the report confirms that smaller lenders generally lend more in rural areas.
Retail sales see decline in May; NAFCU expects retail sales to remain strong through 2021 [ [link removed] ]
Total retail sales declined 1.3 percent in May following April's modest, upwardly revised rise. The March number was further upwardly revised to a 11.3 percent rise.
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