Also: Vehicle sales slip in July; See what's new on the Compliance Blog
NAFCU TODAY | The News You Need Daily.
August 6, 2021
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NCUA breaks down its capitalization of interest rule in new Letter to CUs [ [link removed] ]
The NCUA Thursday issued a Letter to Credit Unions addressing the agency's final rule amending its regulations to remove the prohibition on the capitalization of interest in connection with loan workouts and modifications for all federally-insured credit unions (FICUs). The NCUA Board approved the rule in June.
Vehicle sales slip in July due to lack of supply [ [link removed] ]
Total vehicle sales fell from 15.4 million annualized units to 14.8 million annualized units in July, with monthly sales levels up 0.8 percent year over year. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new Macro Data Flash report.
New on the Compliance Blog: FCU maturity limits, vaccine mandates, change-in-terms notices [ [link removed] ]
As credit unions work to meet the needs of more than 125 million Americans during the coronavirus pandemic, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
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