Also: NCUA releases Q2 call report data

September 8, 2022

NAFCU, trades write to CFPB regarding credit card terms collection ([link removed] )

NAFCU joined several trades on a letter to the CFPB on Monday regarding the bureau’s request for comment on the Paperwork Reduction Act as it relates to the collection of credit card terms.

Year-over-year CU loan growth hits 20-year high according to NCUA Q2 call report data ([link removed] )

According to the NCUA's latest call report data, credit unions continued to see strong share and deposit growth during the second quarter of 2022. A similar trend to the last call report data, total assets in federally insured credit unions in the second quarter rose by 16.2 percent, or $194 billion, to $1.39 trillion over the year, representing the largest year-over-year growth in loans outstanding in at least two decades.

NAFCU CFO Network post details insights gained from meeting between Atlanta Fed, NAFCU, and CUs ([link removed] )

In a new post on the NAFCU CFO Network, NAFCU Chief Economist and Vice President of Research Curt Long detailed insights gained from the association’s meeting with Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta, where a dozen NAFCU-member credit unions and NAFCU staff engaged with the Atlanta Fed on several topics. Attendees of the meeting shared the credit union perspective on strategic challenges, payment related issues, and financial inclusion.

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New NAFCU issue brief highlights data privacy ([link removed] )

NAFCU released a new issue brief on Wednesday detailing what Congress should do to protect Americans and their credit unions from significant data privacy harms, noting that “the current patchwork of state and federal data privacy legislation and regulation is both insufficient to adequately protect any American’s data across the entire economy and unnecessarily burdensome to credit unions and other federally insured financial institutions.”

Fed’s Beige Book reveals unchanged economic activity ([link removed] )

The Federal Reserve released its latest Beige Book Wednesday, which revealed that economic activity was unchanged, on balance since early July. Of note, five Districts reported slight to modest growth in activity and five others reported slight to modest softening.

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Digital Optimization Strategies in the Experience Age: Are You Optimizing for Your Members? ([link removed] )

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When Violence Strikes: Active Shooter ([link removed] )

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Fall Large CU Summit ([link removed] )

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Congressional Caucus ([link removed] )

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

Final Month to Earn Your NCCO from Your Home or Office ([link removed] )

Sales close September 30! Register for NAFCU’s Regulatory Compliance School On-Demand ([link removed] ) now to boost both your compliance knowledge and your career.

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