NAFCU staff Wednesday held an introductory meeting with NCUA Financial Technology and Access Director Charles Vice to highlight the association’s stance on relevant credit union topics.
The Senate Banking Committee meets today to discuss the state of the housing industry. Ahead of the hearing, set to begin at 10 a.m. Eastern, NAFCU Vice President of Legislative Affairs Brad Thaler reiterated the association’s housing finance reform principles.
On the latest episode of NAFCU’s Credit Union Policy Podcast (CUPP), host NAFCU Vice President of Regulatory Affairs Ann Petros talks with former Director of the CFPB and current Vice President of Regulatory Affairs at Solidus Labs Kathy Kraninger about blockchain.
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 every Monday and Wednesday.
Total consumer credit rose 2.9 percent at a seasonally adjusted, annualized rate in December and is up 7.8 percent compared to a year ago. Revolving credit – primarily credit cards – rose 7.3 percent and is up 14.8 percent compared to December 2021. Non-revolving credit – primarily auto loans and education loans – rose 1.5 percent during the month and is up 5.6 percent from a year ago.
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