Also: NAFCU on top of coronavirus developments, webinar today; New Compliance Monitor features virus guidance, RDC
NAFCU TODAY | The News You Need Daily.
March 18, 2020
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As Senate works on emergency funding, NAFCU, trades share how FIs are helping consumers [ [link removed] ]
As the Senate works on coronavirus emergency funding packages, NAFCU joined with other financial trade groups Tuesday to keep lawmakers informed of how credit unions and other financial institutions are stepping up to support consumers during the coronavirus pandemic.
Today: Join NAFCU for coronavirus update [ [link removed] ]
NAFCU is offering a free webinar for member credit unions today to provide updates on the regulatory, legislative, and economic environments amid the coronavirus pandemic. The association has been in close contact with the Trump administration and agencies to ensure credit unions are equipped with what they need to effectively help members during this time.
Latest Compliance Monitor offers updates on guidance during the coronavirus outbreak [ [link removed] ]
The latest edition of NAFCU’s Compliance Monitor – a free, member-only benefit – provides credit unions with an update on guidance provided by the NCUA, Financial Crimes Enforcement Network (FinCEN), and the Federal Reserve in the wake of the coronavirus outbreak.
FinCEN, data security orgs warn against new coronavirus-related scams [ [link removed] ]
As the spread of the novel coronavirus – also known as COVID-19 – continues, consumers and financial institutions are set to face new attempts by hackers and bad actors to steal information, especially as consumers increase their usage of digital payments. CNBC has reported that the use of digital payments is expected to rise during the pandemic due to the growing perception that handling cash could speed up the spread of the virus.
NAFCU expects retail sales slump amid economic struggle [ [link removed] ]
Total retail sales dropped 0.5 percent in February, following a revised 0.6 percent rise in January. NAFCU Chief Economist and Vice President of Research Curt Long provided additional insights into the data in a new NAFCU Macro Data Flash report.
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