From NAFCU Today <[email protected]>
Subject Berger notes, in new op-ed, high cost of the reporting requirements in Biden budget
Date June 17, 2021 11:00 AM
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Also: Last chance: Save 50% on NAFCU webinars; The Fed remains firm inflation is transitory



NAFCU TODAY | The News You Need Daily.

June 17, 2021



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Berger notes, in new op-ed, high cost of the reporting requirements in Biden budget [ [link removed] ]
In an op-ed published in Credit Union Times, NAFCU President and CEO Dan Berger called for lawmakers to remove a provision within President Biden’s 2022 budget that would impose significant costs and compliance burdens on credit unions. The provision would require the filing of annual information returns for all business and personal accounts with over $600 in activity.


Last chance: Save 50% on NAFCU webinars [ [link removed] ]
NAFCU’s webinar flash sale ends today and features 50 percent off all paid webinars. Purchase of a webinar gives your entire credit union access to the webinar for one year from the original webinar date; there is no limit on how many webinars you may purchase with the promo code.


The Fed remains firm inflation is transitory [ [link removed] ]
The Federal Open Market Committee (FOMC) maintained the federal funds rate target at a range of 0 to 0.25 percent. The Committee remains firm that current inflation is transitory and that they “aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer‑term inflation expectations remain well anchored at 2 percent.”






NAFCU's CU Industry Trends report shows growing membership and community support in Q1 [ [link removed] ]
NAFCU's latest CU Industry Trends report revealed credit union share growth slowed somewhat in the first quarter but is still rising on a year-over-year basis and loan growth continued to decelerate in Q1 as mortgage loan growth slowed.



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