NAFCU
shares credit union TCPA concerns with FCC, reiterates need for clarity
In a follow-up to a meeting with Federal Communications Commission (FCC) Commissioner
Michael O' Rielly, NAFCU President and CEO Dan Berger reiterated NAFCU's
call for guidance and relief under the Telephone Consumer Protection Act (TCPA)
and shared concerns from member credit unions in a letter sent Wednesday.
NAFCU
meets with CFPB on financial literacy, savings initiative
NAFCU's
Regulatory Affairs team and other industry stakeholders met yesterday with CFPB
leaders to discuss the bureau’s ongoing financial literacy efforts and savings
initiatives. Late last month the CFPB released its Financial Literacy Annual Report
for fiscal year 2019 in order to highlight the activities, strategies and education
tools used to ensure the financial literacy of consumers.
FinCEN
information sharing explained in new blog
As the Financial Crimes Enforcement
Network (FinCEN) works to strengthen information sharing between government agencies,
law enforcement, and financial institutions, a new Compliance Blog post details
sharing procedures and recent updates to the 314(a) program fact sheet.
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Stable
auto market expected in 2020 despite December slip
Although total vehicle
sales fell from November's rate of 17.1 million annualized units to 16.7
million annualized units in December – and were down 3.9 percent from a year
ago – NAFCU Chief Economist and Vice President of Research Curt Long noted that
the "auto market has remained remarkably stable since 2015."
