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NAFCU applauds House corporate stabilization bill
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NAFCU President Fred Becker on Wednesday applauded the introduction of a bipartisan bill by Rep. Paul Kanjorski, D-Pa., that would create a corporate credit union stabilization fund as well as increase NCUA’s borrowing authority from the Treasury in an effort to ensure the continued stability of the credit union system.
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Weak retail sales undermine previous reports
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April marked the second month in a row where retail sales fell unexpectedly, providing data that contrasts sharply with previous reports that showed improvements in same-store sales and consumer confidence.
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FDIC to release Money Smart MP3
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Representatives from NAFCU will be on hand May 27 when the FDIC releases its new MP3 version of Money Smart, which will extend the financial education curriculum to a portable format that consumers can use to learn to make informed financial decisions.
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NAFCU makes it easier to contact compliance staff
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NAFCU has issued a new contact sheet that gives members the most effective means of reaching the association’s regulatory compliance staff and getting information concerning NCUA rules and other federal regulatory requirements.
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Treasury to reopen CPP application window
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The Treasury Department plans to reopen its application window for banks with total assets under $500 million to borrow funds under the Capital Purchase Program.
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