This
week: NAFCU engaged during Hill hearings
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
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
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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