Also: FOMC minutes reveal more time is needed to tighten inflation

August 18, 2022

NAFCU’s Berger voices CU opposition of Reg E liability expansion to CFPB ([link removed] )

NAFCU President and CEO Dan Berger Wednesday wrote to the CFPB to highlight new requests regarding Regulation E and the prospect of future guidance on this topic from the bureau. Berger noted that recent reports, which suggest the CFPB may expand liability under Regulation E to further encompass fraudulently induced transfers initiated by a consumer, are “deeply concerning.”

FOMC July meeting minutes labeled “hawkish” by NAFCU Chief Economist ([link removed] )

The Federal Open Market Committee (FOMC) Wednesday released minutes from its July meeting, in which participants judged that inflation would respond to monetary policy tightening but would likely stay uncomfortably high for some time.

Retail sales remained flat in July ([link removed] )

Total retail sales stayed flat in July following an increase of 0.8 percent in June. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report.

Adapt and Grow Your Lending Pipeline

Attend NAFCU’s Lending Conference, November 8-10, to get lending’s latest trends, best practices, strategies and tactics.

View Agenda ([link removed] )

New posts on the Compliance Blog highlight recent CFPB interpretive rule, consent order ([link removed] )

As credit unions work to meet the needs of more than 131 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog, published every Monday and Wednesday.

22-ADS-0686-Digital_Ads_NAFCU_167x300-2 ([link removed] )

NAFCU CALENDAR ([link removed] )

AUG

16 - 18
Virtual Risk Management Seminar ([link removed] )

A Virtual Event

AUG

18
Federal Reserve - Regulation Implementing the Adjustable Interest Rate (LIBOR) Act ([link removed] )

Comments Due to NAFCU

AUG

18
Credit Union Testimonial: How BCU is Accelerating Transformation & Expanding Financial Wellness with AI ([link removed] )

Complimentary Webinar

AUG

23
Managing Climate Change Risk Within the ERM Program ([link removed] )

Webinar

NAFCU Vendor Directory - Digital and Online Banking ([link removed] )

Become an even more effective and successful credit union leader ([link removed] )

View the agenda ([link removed] ) for NAFCU's Management and Leadership Institute. Register soon—this event sells out every year!

JOIN THE CONVERSATION:

LinkedIn ([link removed] )

Facebook ([link removed] )

Twitter ([link removed] )

YouTube ([link removed] )

Website ([link removed] )

National Association of Federally-Insured Credit Unions. 3138 10th St N Arlington, Virginia 22201

You received this message because you are subscribed to NAFCU emails.

Update your email preferences ([link removed] ) to choose the types of emails you receive.

Received this message from a colleague? Provide your contact information to start receiving our emails ([link removed] ) .

Unsubscribe from all future emails ([link removed] ) .