NAFCU News Archives

NAFCU expresses concerns with recent amendments to the PSPAs

NAFCU expresses concerns with recent amendments to the PSPAs

NAFCU joined with a group of financial trade associations this week to request meetings with both the Treasury and the Federal Housing Finance Agency (FHFA) regarding the amendments to the Preferred Stock Purchase Agreements (PSPAs) [...]

NAFCU asks for judicious budget management from the NCUA

NAFCU asks for judicious budget management from the NCUA

In a letter to the NCUA regarding the mid-year budget review, NAFCU President and CEO Dan Berger urged the NCUA to "promptly schedule its customary mid-session budget review and public meeting to fulfill the agency's [...]

NAFCU combats Fed proposed changes to interchange regulation

NAFCU combats Fed proposed changes to interchange regulation

NAFCU Regulatory Affairs Counsel James Akin wrote to the Federal Reserve Tuesday in response to proposed modifications to Regulation II clarifying the requirement for debit card issuers to enable – and allow merchants to choose from – [...]

Consumer credit grows at strongest pace in years

Consumer credit grows at strongest pace in years

Total consumer credit rose 10.6 percent, at a seasonally-adjusted, annualized rate, in June and is up 4.2 percent versus a year ago. Revolving credit, which is primarily credit cards, rose 22 percent during [...]

CFPB issues statement addressing Juneteenth confusion

CFPB issues statement addressing Juneteenth confusion

As we’ve blogged about previously, Juneteenth (officially known as “Juneteenth National Independence Day”), which is celebrated every year on June 19th, became an official federal holiday when President Biden signed legislation on June 17, [...]

NCUA Chairman Harper nominated for full term by President Biden

NCUA Chairman Harper nominated for full term by President Biden

President Joe Biden Friday nominated Todd Harper for a six-year term on the NCUA Board. Harper, the board's only Democrat, has served as a board member since April 2019. “NAFCU is consistently engaged with the [...]

Vehicle sales slip in July due to lack of supply

Vehicle sales slip in July due to lack of supply

Total vehicle sales fell from 15.4 million annualized units to 14.8 million annualized units in July, with monthly sales levels up 0.8 percent year over year. NAFCU Chief Economist and Vice President [...]

Changing for the better

Changing for the better

Before we all enjoy the genius combination of flavorful bubbly root beer and classic vanilla ice cream, let’s talk about change in terms notices. Better yet, let’s talk about when we do cool [...]

CDC issues new targeted eviction moratorium

CDC issues new targeted eviction moratorium

The CDC has issued a new moratorium on evictions in counties experiencing substantial and high coronavirus transmission. The moratorium is scheduled to expire on Oct. 3. Of note, the moratorium allows additional time for rent [...]