NAFCU
urges Congress against expansion of Durbin Amendment to credit cards
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
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
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.
Watch
James Carville keynote Congressional Caucus
Hear from political
strategist James Carville as he delves deep into the current state of affairs,
reviews best practices for achieving progress during congressional gridlock, and
discusses navigating a 50-50 Senate.
New-home
sales fall for third consecutive month
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.
