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NAFCU today will be at NCUA headquarters for a meeting on small-dollar lending and credit unions' involvement in such programs. It will also represent credit unions during a Professional Association for Customer Engagement (PACE) meeting regarding robocalls.

NAFCU Senior Regulatory Affairs Counsel Michael Emancipator will be at the NCUA today to discuss various small-dollar lending program initiatives. Earlier this month, NAFCU hosted a small-dollar lending working group discussion on the CFPB's payday lending rulemaking, among other provisions, with representatives from several NAFCU-member credit unions, Pew Research Center, Center for Financial Services Innovation and Filene Research Institute.

NAFCU Regulatory Affairs Counsel Ann Kossachev will attend the PACE Communication Protection Coalition meeting. PACE has organized a coalition of stakeholders to address best practices to mitigate the negative impacts of robocall processing for legitimate communications. Today's meeting will include representatives from the financial services industry.

In July 2015, the Federal Communications Commission (FCC) released a declaratory ruling and order that provides limited robocall exemptions under the Telephone Consumer Protection Act (TCPA) for financial institutions making free autodialed calls to consumers. NAFCU has repeatedly told the FCC that the order has led to financial institutions ceasing important communications with members about their accounts over fear of inadvertently violating the rule.

In September 2015, NAFCU entered a suit challenging the FCC's order on TCPA prohibitions on autodialed calls to account holders. Oral arguments were heard in the case last October in the U.S. Court of Appeals for the D.C. Circuit; the court could issue a decision at any time.