NAFCU Caucus Coverage: The Effects of Durbin I, And Advice on Responding to Durbin II 09/12/2022 07:35 pm WASHINGTON–With credit unions and retailers simultaneously hiking the Hill this week in Washington to stake out opposite sides on the interchange bill before Congress, a panel here discussed what the proposed changes in the bill would mean and what CUs should be telling their representatives.
NAFCU Caucus Coverage: NCUA’s Hood Offers Update on Fintech Proposal, CUSOs and More 09/12/2022 07:35 pm WASHINGTON–NCUA Board Member Rodney Hood told credit unions here to prepare for a “comprehensive” rule for CUs when it comes to relationships with fintechs, in addition to addressing several other issues.
Busy Week Expected on Capitol Hill; Plus, an Update on CU-Backed Candidates in Primaries 09/12/2022 07:35 pm WASHINGTON—Credit unions should expect more activity on Capitol Hill this week as the House is back from recess, with CUNA saying it will have its eye on several key hearings it is monitoring.
Visa, Mastercard, America Express Say They Will Separately Categorize Gun Purchases 09/12/2022 07:34 pm WASHINGTON–Visa, Mastercard, and American Express said they will now separately categorize purchases at gun shops, which is a victory for gun control advocates who have argued the decision will help alert law enforcement to potentially illegal firearm sales.
Consumer Credit Rose in July, Up More Than 7% From One Year Ago 09/12/2022 07:33 pm ARLINGTON, Va.—Total consumer credit rose 6.2%, at a seasonally adjusted, annualized rate, in July and was up 7.7% compared to a year ago, according to new federal data.
NAFCU Caucus Coverage: CUs in Town at ‘Perfect Time’ to Address ‘Socialist’ Proposal 09/12/2022 07:35 pm WASHINGTON–Credit unions meeting here were told they are in town at the “perfect time,” as their help is critical in fighting a “socialist” proposal.
Concern Expressed Over ‘Opaque’ Language in FTC Proposal on Car Dealer Add-Ons by CUNA 09/12/2022 07:34 pm WASHINGTON—Calling a new Federal Trade Commission proposal’s language “opaque,” CUNA is expressing concern the potential new rule’s effects on car dealer ad-ons.
'Are You Prepared to Change Tomorrow?' 09/12/2022 08:17 pm WASHINGTON–Former New Jersey governor and presidential candidate Chris Christie (who indicated he may run again) offered his views here to credit unions on the state of politics in the U.S., the upcoming elections, the need in the country for “inspiration,” and why it should never forget the words of John Adams.
Mortgage Loan Applications Decline Sharply 09/12/2022 07:39 pm WASHINGTON–Mortgage loan applications: they were down 23% during the week ending Sept. 2 versus the same week one year earlier, according to the Mortgage Bankers Association.
Reserve Bank of Australia Latest to Examine CBDC 09/12/2022 08:04 pm CANBERRA, Australia—The Reserve Bank of Australia is the latest to be looking at potential use cases for a central bank digital currency (CDBC).
