Also: NAFCU breaks down automatic dialing regulation updates; Long analyzes May consumer credit data
NAFCU TODAY | The News You Need Daily.
July 12, 2021
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This week: NAFCU engaged during Hill hearings [ [link removed] ]
This week on Capitol Hill, NAFCU's award-winning advocacy will remain active as several topics of interest will be discussed during House committee hearings.
New NAFCU Network insight post updates CUs on automatic dialing regulation [ [link removed] ]
In a new insight post on NAFCU’s Compliance, Risk, & BSA Network, NAFCU Regulatory Affairs Counsel Dale Baker reviews a recent spate of federal court opinions surrounding the Telephone Consumer Protection Act (TCPA) and the risks posed to the credit union industry by recent state legislative trends.
Consumer credit grew at strongest pace since December 2014 in May [ [link removed] ]
Total consumer credit rose 10 percent, at a seasonally-adjusted, annualized rate, in May and is up 3.8 percent versus a year ago. Revolving credit, which is primarily credit cards, rose 11.4 percent during the month and is down 2.2 percent compared to April 2020.
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