The CFPB Wednesday released guidance regarding ‘illegal junk fees’ on deposit accounts, specifically surprise overdraft fees and the practice of indiscriminately charging depositor fees to every person who deposits a check that bounces. In addition, CFPB Director Rohit Chopra joined President Joe Biden during a speech to highlight the Administration’s crackdown on these fees.
As credit unions work to meet the needs of more than 133 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog, published every Monday and Wednesday.
New home sales fell 10.9 percent in September to 603,000 annualized units. Sales in August were revised down 8,000 units. Compared to last year, September sales were down 17.6 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the data in the latest Macro Data Flash report.
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