Also: Berger, Harper meet on exam efforts; NAFCU asks FCC to clarify text messages under TCPA



NAFCU TODAY | The News You Need Daily.

December 10, 2019



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NAFCU-led efforts help strip harmful nominal lease provision from final NDAA [ [link removed] ]
Following months of forceful NAFCU advocacy, the final text of the fiscal year 2020 National Defense Authorization Act (NDAA) was released Monday night and it does not include a harmful provision that would have treated banks the same as a military installation's local, not-for-profit credit union when it comes to nominal leases.


Berger, Harper meet on exam issues [ [link removed] ]
NAFCU President and CEO Dan Berger met yesterday with NCUA Board Member Todd Harper to discuss various examination issues, including Harper's proposal to add a consumer compliance examination program for large, complex credit unions.


NAFCU to FCC: Clarify transmission of text messages under TCPA [ [link removed] ]
NAFCU Regulatory Affairs Counsel Mahlet Makonnen Monday urged the FCC to grant a petition related to text messages transmitted through an automatic telephone dialing system (ATDS) and issue a declaratory order to provide clarification.






NAFCU weighs in as House committee set to tackle MDIs, ATR, credit scores [ [link removed] ]
The House Financial Services Committee is set to begin a markup of nine bills today related to cybersecurity, mortgage access, student lending, credit scores, and minority depository institutions. Ahead of the hearing, NAFCU's Brad Thaler offered the association's support for some of the legislation and provided credit unions' perspective on the issues.


No rate change expected as FOMC begins final policy meeting of 2019 [ [link removed] ]
The Federal Open Market Committee (FOMC) begins its two-day, monetary policy-setting meeting today and is expected to release updated projections.


FLASH sale: Two days to save on NAFCU webinars [ [link removed] ]
NAFCU's flash sale kicks off today, giving 50 percent savings on all association webinars. Credit unions can use the code FLASH on as many webinars as they need, and one purchase provides an entire credit union access to that webinar.


Consumer credit picks up in October [ [link removed] ]
Total consumer credit rose 5.5 percent in October (seasonally-adjusted, annualized) and is up 4.8 percent versus a year ago. NAFCU Chief Economist and Vice President of Research Curt Long credited these results to continuous growth in the revolving credit sector, which grew 4.3 percent.



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