Berger,
on Hill, thanks lawmakers for CU support
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
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
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.
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NAFCU
to the Hill: Americans benefit from CU membership
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
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
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.
