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  • Vehicle sales slow in November (Monday, December 5, 2016)
    Total vehicle sales slowed to a pace of 17.9 million seasonally adjusted annualized units in November as pent-up demand from the recession diminishes, said NAFCU Research Assistant Yun Cohen in a NAFCU Macro Data Flash report Friday.
  • Fed Gov. Brainard talks fintech; OCC considers charters (Monday, December 5, 2016)
    Federal Reserve Gov. Lael Brainard, at the Conference on Financial Innovation on Friday, said fintech has the potential to expand access to credit and other financial services for consumers and small businesses but risks need to be managed and consumers protected throughout the process.
  • House chairmanships announced for 115th Congress (Monday, December 5, 2016)
    House committee leaders for the 115th Congress were announced last week, including new chairmen for the Energy and Commerce and Appropriations committees.
  • FOM comments due to NCUA Dec. 9 (Monday, December 5, 2016)
    Comments on the NCUA's new proposed field-of-membership rule, which furthers community charter options for federal credit unions, are due Dec. 9.
  • NAFCU's Long: Dec. rate hike ‘certain’ (Monday, December 5, 2016)
    NAFCU Chief Economist and Director of Research Curt Long said November’s payroll increase of 178,000 jobs was positive despite labor force participation and wage growth being on the decline.
  • House passes defense bill (Monday, December 5, 2016)
    The House on Friday voted 375 to 34 to pass the fiscal year 2017 National Defense Authorization Act.
  • White House releases cyber commission report (Monday, December 5, 2016)
    The White House on Friday released its Commission on Enhancing National Cybersecurity report, which considered recommendations contributed by stakeholders including NAFCU.
  • Economic Monitor survey responses due Tuesday (Friday, December 2, 2016)
    The deadline is fast approaching for NAFCU member participation in the Economic & CU Monitor survey on credit union data - responses are due Tuesday.
  • Visa, MasterCard push EMV liability shift for gas pumps to 2020 (Friday, December 2, 2016)
    Visa and MasterCard on Thursday announced they are pushing the EMV liability shift date for gasoline station pumps until Oct. 1, 2020, due largely to migration challenges.
  • NCUA FOM action, budget briefing video online (Friday, December 2, 2016)
    Video coverage is online now, showing the NCUA Board's October deliberations and action on a final field-of-membership rule and new proposed rule furthering FOM community charter options for federal credit unions.
  • Obama to talk cybersecurity today, release report (Friday, December 2, 2016)
    President Barack Obama today is expected to deliver a response to a report issued by the White House's Commission on Enhancing National Cybersecurity, to which NAFCU has provided comments. The report will also be released to the public shortly after his response, according to reports.
  • Justice Department to appeal injunction on overtime rule (Friday, December 2, 2016)
    The Justice Department on Thursday announced it will appeal a Texas federal judge's preliminary injunction delaying the Labor Department's overtime rule, which had been set to go into effect this week.
  • Moves will affect Ways and Means leadership (Friday, December 2, 2016)
    Recent changes for two lawmakers on the tax-writing House Ways and Means Committee pave the way for Rep. Richard Neal, D-Mass., to possibly rise to the post of ranking member during the 115th Congress.
  • CFPB updates mortgage servicing guide (Friday, December 2, 2016)
    The CFPB yesterday published an updated version of its Mortgage Servicing Small Entity Compliance Guide.
  • Brown introduces Wells Fargo-inspired bill (Friday, December 2, 2016)
    Reports say Senate Banking Committee Ranking Member Sherrod Brown, D-Ohio, has introduced a bill to prevent Wells Fargo from using arbitration clauses to keep consumers from taking them to court.
  • House passes 'systematically important' FI bill (Friday, December 2, 2016)
    The House voted 254-161 Thursday to pass the "Systemic Risk Designation Improvement Act of 2016" (H.R. 6392), which would revise the designation process for "systemically important" institutions that are subject to stricter supervision than others.
  • Crapo, presumptive Senate Banking chairman, eyes reg burden (Thursday, December 1, 2016)
    Sen. Mike Crapo, R-Idaho, the presumptive leader of the Senate Banking Committee come January, expects housing market reforms, changes to Dodd-Frank and the reduction of credit unions' and community banks' regulatory burdens to be addressed by the committee in the coming year.
  • Treasury secretary pick Mnuchin eyes privatizing GSEs (Thursday, December 1, 2016)
    Steve Mnuchin, a former Goldman Sachs executive that President-elect Donald Trump plans to nominate as Treasury secretary, said he plans to take Fannie Mae and Freddie Mac out of government conservatorship, and restructure and privative them.
  • Fed Beige Book shows economy continues to expand (Thursday, December 1, 2016)
    Economic trends identified in the November Federal Reserve Beige Book point to a clear path for an interest-rate hike later this month, NAFCU's Curt Long said Wednesday.
  • Pelosi to keep Democratic leadership post in House (Thursday, December 1, 2016)
    Leadership appointments for the 115th Congress are completed, with House Minority Leader Nancy Pelosi, D-Calif., reelected to that position Wednesday by a 134-63 vote.
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