Berger
discredits criticisms of bank-driven CU mergers in new op-ed
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
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
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.
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Compliance
Blog looks ahead to 2020, details fall rulemaking agendas
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
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.
