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  • June's new-home sales hit post-recession high (Wednesday, July 27, 2016)
    New-home sales rose in June to a post-recession high of 592,000 seasonally adjusted annual units – up 3.5 percent from May's upwardly revised sales – and logged the fastest sales pace since February 2008, NAFCU Research Assistant Yun Cohen noted in Tuesday's NAFCU Macro Data Flash report.
  • NAFCU welcomes Obama's cyber directive, recommends more (Wednesday, July 27, 2016)
    NAFCU President and CEO Dan Berger thanked President Barack Obama Tuesday for his new policy directive focused on cybersecurity but said more needs to be done, including implementation of national data security standards for merchants that handle consumers' personal information.
  • NAFCU's Monterrubio at Treasury for cyber meeting today (Wednesday, July 27, 2016)
    NAFCU Director of Regulatory Affairs Alexander Monterrubio today will attend an all-day cybersecurity meeting in Washington with the Financial Services Sector Coordinating Council, of which NAFCU is a founding member.
  • Pawnbrokers sue DoD over MLA rule (Wednesday, July 27, 2016)
    The National Pawnbrokers Association is suing the Department of Defense over its Military Lending Act rule changes, asserting, among other things, that the DoD violated the Regulatory Flexibility Act by failing to consider the costs of compliance for small businesses.
  • NAFCU touts CU message at DNC (Wednesday, July 27, 2016)
    NAFCU staff continue to raise awareness of credit union issues and concerns at the Democratic National Convention in Philadelphia this week, meeting with House Minority Whip Steny Hoyer, D-Md., and more.
  • Krebs: Kimpton Hotels investigating data breach (Wednesday, July 27, 2016)
    The San Francisco-based Kimpton Hotels & Restaurants chain is investigating an apparent card data breach, according to KrebsOnSecurity.
  • NCUA awards $2.5M in CDRLF grants (Wednesday, July 27, 2016)
    NCUA has awarded grants totaling almost $2.5 million to 309 low-income credit unions through the Community Development Revolving Loan Fund, the agency announced Tuesday.
  • FOMC begins 2-day meeting; NAFCU expects no policy change (Tuesday, July 26, 2016)
    The Federal Open Market Committee today begins its two-day policy-setting meeting to determine the Federal Reserve's next monetary policy moves, if any.
  • NAFCU monitoring CFPB payday lending webinar today (Tuesday, July 26, 2016)
    NAFCU today is monitoring a CFPB webinar on the bureau's payday lending proposal, during which financial institutions will have a chance to get questions answered directly by the bureau on this rulemaking.
  • Oral arguments Oct. 19 on FCC robocall suit (Tuesday, July 26, 2016)
    Oral arguments in the suit challenging the Federal Communications Commission's order on Telephone Consumer Protection Act prohibitions on autodialed calls to account holders - of which NAFCU is a part of - are slated Oct. 19.
  • Hunt: GAO report confirms CU impact of CFPB's mortgage rules (Tuesday, July 26, 2016)
    NAFCU's Carrie Hunt said Monday that a new Government Accountability Office report confirms concerns held by the association regarding how CFPB's mortgage servicing rule impact credit unions – especially regarding increased compliance costs.
  • NAFCU talks CU issues during day 1 of DNC (Tuesday, July 26, 2016)
    NAFCU met with key lawmakers and policymakers on the first day of the Democratic National Convention in Philadelphia on Monday to bring the regulatory burden on credit unions to their attention and tell the story of the good work credit unions are doing for their members across the country.
  • Oral arguments Oct. 19 on suit against FCC over TCPA (Monday, July 25, 2016)
    Oral arguments in the suit challenging the Federal Communications Commission's order on Telephone Consumer Protection Act prohibitions on autodialed calls to account holders – of which NAFCU is a part of – are slated Oct. 19.
  • Upcoming webcasts: Risk manager designation, HMDA primer (Monday, July 25, 2016)
    How credit union staff can best prepare for NAFCU's Certified Risk Manager designation exam and a complete overview of credit unions' Home Mortgage Disclosure Act obligations headline two upcoming NAFCU webcasts.
  • NCUA selects two new associate regional directors (Monday, July 25, 2016)
    NCUA Executive Director Mark Treichel announced Friday the selection of Michael Ryan and Linda Thompson to be associate regional directors of operations for the agency's Region II and Region V offices, respectively.
  • NAFCU at FSSCC/FBIIC cybersecurity meeting, more (Monday, July 25, 2016)
    NAFCU Director of Regulatory Affairs Alexander Monterrubio on Wednesday will attend an all-day meeting in Washington with the Financial Services Sector Coordinating Council on cybersecurity.
  • NAFCU advocating for CUs at DNC this week (Monday, July 25, 2016)
    NAFCU Board Vice Chair Jeanne Kucey and NAFCU Vice President of Legislative Affairs Brad Thaler are taking the credit union message to Philadelphia this week during the Democratic National Convention, which begins today.
  • BSA Blast eyes due diligence, enforcement (Monday, July 25, 2016)
    The July issue of NAFCU's BSA Blast enewsletter offers an overview of the Financial Crimes Enforcement Network's final rule on Bank Secrecy Act customer due diligence requirements for credit unions and a look at a recent BSA enforcement action.
  • Fed updates same-day ACH policies (Monday, July 25, 2016)
    Same-day automated clearinghouse transactions processed through the FedACH SameDay Service will begin posting to credit union accounts at various times during the day in September under intraday credit policy updates at the Federal Reserve. This is tied in with the shift to faster payments.
  • Proposals out on Reg Z and M thresholds, appraisals (Monday, July 25, 2016)
    The Federal Reserve and CFPB issued a joint proposal Friday relating to the annual adjustment of thresholds for consumer loans and leases exempt from Regulation Z and Regulation M.
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