NAFCU met with Treasury officials Tuesday to discuss digital assets and regulatory efforts to ensure the safety and soundness of the financial services industry as more digital asset companies enter the market. NAFCU is also engaged with lawmakers on this issue, calling for a level playing field ahead of congressional hearings this week.
NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the House Financial Services Committee (HFSC) ahead of today’s CFPB oversight hearing. In the letter, Thaler expressed NAFCU’s “thoughts on some current issues pertinent to the CFPB.”
The CFPB Tuesday issued a technical amendment to the Home Mortgage Disclosure Act (HMDA) rule to update Regulation C to reflect the closed-end mortgage loan threshold, in accordance with a recent court decision. Of note, the closed-end mortgage loan reporting threshold is 25 mortgage loans in each of the two preceding calendar years – the threshold previously established by the 2015 HMDA rule.
On a seasonally-adjusted basis, overall consumer prices rose 0.1 percent in November, with the Bureau of Labor Statistics reporting that the overall consumer price index (CPI) grew 7.1 percent year-over-year. NAFCU Economist Noah Yosif analyzed the data in a new Macro Data Flash report.
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