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WASHINGTON—NAFCU is opposing the interagency proposed rule on incentive-based compensation (IBC) arrangements and in a comment letter to NCUA asks that the rule be withdrawn.

LAWRENCEVILLE, Ga.—The pace of depreciation of used vehicles picked up in June, according to the latest data from Black Book.

IRVINE, Calif.–The U.S. foreclosure inventory declined by 24.5% and completed foreclosures declined by 6.9% compared with May 2015, according to the May 2016 National Foreclosure Report from CoreLogic.

LOMBARD, Ill.– Raddon Financial Group, a provider of financial industry research and trends data, announced its annual Raddon CEO Forum for large credit union executives will be held August 10-12, 2016, in Laguna Niguel, Calif.

TORONTO—Canada has its first federally chartered credit union.

FENTON, Mo.–Authorities here say negotiations remain ongoing in attempting to unwind the approximately $18 million allegedly embezzled by the former CFO at a credit union here.

ARLINGTON, Va.—While NAFCU’s Chief Economist and Director of Research, Curt Long, sees June’s jobs rebound of 287,000 jobs is a sign of labor market strength, he also believes the Federal Reserve will still likely wait at least until December for a rate hike.

WASHINGTON—The Federal Communications Commission released a declaratory ruling last week clarifying that the Telephone Consumer Protection Act (TCPA) does not apply to calls made by or on behalf of the federal government, CUNA reported.

SARATOGA, N.Y.—Three credit union CEOs from New York State recently participated in a panel discussion during the Credit Union Association of New York’s Annual Conference here.

LIVONIA, Mich.–CU Solutions Group and CUNA have announced the launch of their second annual Love My Credit Union Campaign.