Also: Fed’s Powell says inflation fight will take time; NAFCU’s Thaler outlines financial services industry improvements

February 8, 2023

Biden repeats misleading credit card late fees claim in SOTU ([link removed] )

President Joe Biden gave his 2023 State of the Union address Tuesday evening. While much of the speech provided insights into how the administration is working to strengthen the U.S. economy and support workers, Biden also repeated a misleading claim about the CFPB’s credit card late fees proposal.

Fed Chairman Powell: Inflation fight will take time ([link removed] )

Federal Reserve Chairman Jerome Powell spoke publicly for the first time since the January jobs report, which NAFCU Chief Economist and Vice President of Research Curt Long said “smashed expectations.” In his comments, Powell said the latest jobs report highlights why the inflation fight “is likely to take quite a bit of time.” He added that the Fed does not predict a smooth fall back to the 2 percent target, and that the central bank will likely “have to hold policy at a restrictive level for some time.”

NAFCU outlines needed regulatory relief for credit unions ahead of hearing ([link removed] )

Ahead of today’s House Financial Services Subcommittee on Financial Institutions and Monetary Policy hearing on revamping and revitalizing banking, NAFCU’s Brad Thaler offered input on areas of financial services regulation that need updating to help credit unions continue to best serve their members.

NAFCU Board of Directors and Supervisory Committee Conference ([link removed] )

April 17 – 20, 2023 | Savannah, GA

Selling quickly and nearing capacity! Save $200.00 through February 24, 2023.

View Agenda ([link removed] )

NAFCU’s Mesack underscores CU investment in Main Street small businesses ([link removed] )

Today, the House Financial Services Subcommittee on Capital Markets holds a hearing to discuss improving access to capital for small businesses. Ahead of the hearing, NAFCU Senior Vice President of Government Affairs Greg Mesack wrote to the subcommittee, reiterating the crucial role of credit unions when it comes to providing capital to small businesses and entrepreneurs, especially in the current economic landscape. The association also expressed support for the subcommittee’s goal of strengthening Main Street small businesses.

167x300_Origence-arc_all-in-one-place_Digital_v1_1018206159-1 ([link removed] )

NAFCU CALENDAR ([link removed] )

FEB

8
CU Research Survey Due ([link removed] )

Topic: Lending

FEB

9
Engaging With the Fintech Sector ([link removed] )

Webinar

FEB

14
Competing for the future: Executing a successful core modernization program ([link removed] )

Complimentary Webinar

NAFCU Vendor Directory - Digital and Online Banking ([link removed] )

Board of Directors and Supervisory Committee Conference ([link removed] )

Savannah, GA | April 17 – 20, 2023

Selling quickly! Early savings ends February 24, 2023. Use the code BOARDSAVINGS.

View the Agenda and Save $200.00 ([link removed] )

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NAFCU. 3138 10th St N Arlington, Virginia 22201

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