Also: Congress averts gov't shutdown; Robocall bill heads to president; NAFCU updates CUs on capital reform
NAFCU TODAY | The News You Need Daily.
December 20, 2019
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Berger, on Hill, thanks lawmakers for CU support [ [link removed] ]
NAFCU President and CEO Dan Berger and the NAFCU lobbying team were on Capitol Hill Thursday as members were wrapping up their work for the year to thank key lawmakers for their support of credit unions. Over the course of the year, NAFCU-led advocacy efforts resulted in several bipartisan measures in support of credit unions being introduced.
Senate passes robocall bill, gov't spending packages [ [link removed] ]
Lawmakers in the Senate Thursday passed legislation aimed at expanding the Federal Communications Commission's (FCC) enforcement authority over violations of the Telephone Consumer Protection Act (TCPA) and requiring voice services providers to authenticate and block illegal robocalls. The bill now moves to President Donald Trump for final action.
NAFCU details capital reform efforts in Compliance Network [ [link removed] ]
Following the NCUA Board's decision last week to delay its risk-based capital (RBC) rules until Jan. 1, 2022, NAFCU's Ann Kossachev provided credit unions with an update on the association's advocacy efforts related to capital reform in a post on the member-only Compliance Network.
NAFCU to the Hill: Americans benefit from CU membership [ [link removed] ]
As another year of credit union wins comes to a close, NAFCU Vice President of Legislative Affairs Brad Thaler shared a few highlights of the good work credit unions are doing for members in an email to Capitol Hill.
ECU Monitor: CUs increase defensive SAR filings; CUSI drops to lowest point on record [ [link removed] ]
The latest edition of NAFCU's Economic & CU Monitor report – now available for download – found that nearly half of survey respondents saw an increase in the number of defensive filings of suspicious activity reports (SARs) in the past year. NAFCU has actively sought Bank Secrecy Act (BSA)/anti-money laundering (AML) regime-related improvements and relief for credit unions, most recently advocating for lawmakers in the Senate to hold a markup of the ILLICIT CASH ACT (S. 2563).
NAFCU predicts consistent growth for existing-home sales in 2020 [ [link removed] ]
Existing-home sales fell 1.7 percent in November to a seasonally adjusted annual rate of 5.35 million units, with sales decreasing in the South and West regions. NAFCU Chief Economist and Vice President of Research Curt Long, in a Macro Data Flash report, reacted to the fall and noted that total sales of existing homes are on pace to end the year even with 2018.
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