Also: New S. 2155 guide available; NAFCU urges safe harbor for caller ID framework
NAFCU TODAY | The News You Need Daily.
July 25, 2019
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Berger in Fox Business: Americans should be concerned about risky banks [ [link removed] ]
As the House Financial Services Committee held a hearing yesterday to examine a proposed merger between SunTrust and BB&T, NAFCU President and CEO Dan Berger – in an op-ed for Fox Business – encouraged lawmakers to focus on big bank riskiness.
See S. 2155 updates in new NAFCU guide [ [link removed] ]
Now available online is an updated guide on efforts to implement the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155). Updates of note in NAFCU's new guide are related to the Home Mortgage Disclosure Act (HMDA), real estate appraisals, credit reporting and more.
NAFCU urges safe harbor under caller ID framework; House passes robocall bill [ [link removed] ]
NAFCU joined with several other trade groups Wednesday to offer support and additional recommendations to the Federal Communications Commission (FCC) on its proposed order to require phone companies to incorporate a caller identification framework – SHAKEN/STIR – and provide a safe harbor to those that implement a network-wide blocking of calls that fail caller authentication under the framework.
NAFCU's Virkus: Ensure level fintech playing field for CUs [ [link removed] ]
Ahead of today's hearing examining the use of alternative data in relation to credit scores NAFCU's Max Virkus, urged members of the House Financial Services Committee Task Force on Financial Technology to "ensure that when fintechs compete with financial institutions, they do so on a level playing field where smart regulations and consumer protections apply to all actors."
ECU Monitor: CUs want fintech reg certainty [ [link removed] ]
The new edition of NAFCU's Economic & CU Monitor report – now available for download – found that more than half of survey respondents would consider participating in an NCUA "sandbox" to test new financial technologies, products, or services with increased regulatory certainty.
New-home sales jump in June [ [link removed] ]
New-home sales increased to 646,000 units in June – up 7 percent from May's downwardly-revised 604,000 – and were 4.5 percent higher than a year ago. However, NAFCU Chief Economist and Vice President of Research Curt Long doesn't expect much change in the market.
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