As
Senate works on emergency funding, NAFCU, trades share how FIs are helping consumers
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
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
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.
TODAY:
Coronavirus Update Webinar (Member-Only)
Discuss the impact of
the coronavirus pandemic on the credit union industry
FinCEN,
data security orgs warn against new coronavirus-related scams
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
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.
