The CFPB Wednesday released its annual Making Ends Meet report, which revealed that several key measures of financial health rapidly deteriorated in 2022 for certain groups, including Hispanic consumers, consumers under the age of 40, and low-income renters.
As several regulatory relief provisions provided amid the COVID-19 pandemic are set to expire at the end of the year, NAFCU Vice President of Regulatory Affairs Ann Petros wrote to the NCUA Board outlining the negative impact expiring relief related to eligible obligations regulations could have on credit unions’ ability to participate in the renewable energy lending market.
The newest edition of NAFCU's Compliance Monitor – a member-only, digital compliance resource – features a review of compliance developments from this year. Additionally, the monitor discusses recent actions related to the Home Mortgage Disclosure Act (HMDA).
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In two new insight posts on NAFCU’s Compliance Network, NAFCU provides credit union compliance professionals with updates on a recent court order related to Gramm-Leach-Bliley Act (GLBA) data privacy requirements and Regulation E developments.
As credit unions work to meet the needs of more than 134 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.
Existing home sales declined 7.7 percent in November to a seasonally-adjusted annualized rate of 4.1 million units, marking the 10th straight month of declining sales and a 35.4 percent decrease in sales compared to last year. NAFCU Chief Economist and Vice President of Research Curt Long analyzes the data in the latest Macro Data Flash report.
NAFCU’s offices will be closed Friday and Monday in observance of the Christmas holiday. Credit union members will still have access to the association’s website for resources as well as regulatory and legislative updates on key issue areas.
