Also: NAFCU continues to monitor Senate work, hosts Reg Compliance School; Fed to host webinar on ECIP
NAFCU TODAY | The News You Need Daily.
August 9, 2021
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NCUA Chairman Harper nominated for full term by President Biden [ [link removed] ]
President Joe Biden Friday nominated Todd Harper for a six-year term on the NCUA Board. Harper, the board's only Democrat, has served as a board member since April 2019.
This week: Senate continues work; NAFCU hosts Summer Reg Compliance School [ [link removed] ]
Though the House has left Washington for its August recess, NAFCU monitored the Senate's actions on its roughly $1 trillion dollar bipartisan infrastructure deal over the weekend and is watching the expected consideration of a FY 2022 budget resolution this week - which could set up another large reconciliation package this fall. In addition, the association is preparing to host its Virtual Summer Regulatory Compliance School, which begins tomorrow.
Fed, Treasury to offer ECIP updates during 'Ask The Fed' webinar [ [link removed] ]
The Federal Reserve announced it will host a webinar on the Treasury Department's Emergency Capital Investment Program (ECIP) through its "Ask the Fed" program on Aug. 12. The webinar will provide a comprehensive review of the program and will feature Treasury representatives who will outline how program applicants should incorporate new changes into their applications.
July jobs report reveals strong gains, large drop in unemployment rate [ [link removed] ]
The Bureau of Labor Statistics revealed non-farm payrolls increased 943,000 in July, with the unemployment rate dipping to 5.4 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report.
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