Berger
in Fox Business: Americans should be concerned about risky banks
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
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
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 2019
Credit Union Compliance GPS
Review updates on S.2155, Field of Membership,
Privacy and more!
NAFCU's
Virkus: Ensure level fintech playing field for CUs
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
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
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.
