Also: Trades express concerns about legislation to impost interest rate cap; NCUA hosts NAFCU webinar today
NAFCU TODAY | The News You Need Daily.
July 27, 2021
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NAFCU urges Congress against expansion of Durbin Amendment to credit cards [ [link removed] ]
NAFCU, along with several financial trade organizations, wrote to the Senate Banking Committee and House Financial Services Committee Monday to urge lawmakers against the expansion of the Durbin Amendment to credit cards.
NAFCU, trades voice concerns about legislation to impose 36% interest rate cap [ [link removed] ]
NAFCU and a group of financial trade organizations wrote to the Senate Banking Committee Friday to share concerns on pending legislative measures that would propose the imposition of a national "fee and interest rate cap" of 36 percent, effectively imposing a limit to the fees and interest charged on consumer loans. The letter was sent ahead of a Senate Banking Committee scheduled for this Thursday to examine legislation that would create an expansion of the 36 percent all-in military interest rate cap to all consumer loans.
Today: NCUA to host complimentary NAFCU webinar [ [link removed] ]
Today, members of the NCUA's Office of Examination and Insurance and Office of Consumer Financial Protection will host a webinar on exam expectations for larger credit unions where credit union professionals will learn more about the agency’s activities and priorities this year. Registration for the webinar is complimentary but you must register to attend; register now.
New-home sales fall for third consecutive month [ [link removed] ]
In June, new-home sales fell 6.6 percent from May's downwardly revised rate of 724,000 annualized units. NAFCU's Curt Long analyzes the data in a new Macro Data Flash report.
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