Also: NAFCU touts CU benefits, closed 2 days this week; ACH transfers outnumber check payments, says new Fed study



NAFCU TODAY | The News You Need Daily.

December 23, 2019



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Berger discredits criticisms of bank-driven CU mergers in new op-ed [ [link removed] ]
In a new Credit Union Times op-ed, NAFCU President and CEO Dan Berger discussed how credit union-bank mergers benefit local communities. 


This week: NAFCU closed Tuesday, Wednesday for Christmas, continues to tout CUs' good works [ [link removed] ]
NAFCU's offices will be closed tomorrow and Wednesday in observance of the Christmas holiday, but the association will maintain its advocacy efforts to promote credit union priorities and the industry's efforts to provide safe, affordable financial products to millions of Americans.


Fed payments study: ACH transfers outnumber checks [ [link removed] ]
The Federal Reserve, in a new study on payments, found that "check payments continued their long-run decline" as the number of automated clearinghouse (ACH) debit transfers exceeded the number of check payments for the first time in 2018.






Compliance Blog looks ahead to 2020, details fall rulemaking agendas [ [link removed] ]
In the latest Compliance Blog, NAFCU Vice President of Regulatory Compliance Brandy Bruyere breaks down the fall rulemaking agendas released by the NCUA and the CFPB, highlighting important proposed and final rules to look out for in the coming months.


Q3 GDP unchanged in final estimate; NAFCU predicts similar growth in 2020 [ [link removed] ]
According to the Commerce Department's final estimate, the U.S. economy grew 2.1 percent in the third quarter, remaining unchanged from the second estimate. NAFCU Chief Economist and Vice President of Research Curt Long noted the new estimate indicates a slight pickup from the second quarter, with upward revisions to personal consumption expenditures and nonresidential investment offset by a downward revision to private inventories.



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