Also: FinCEN alerts FIs to drug trafficking trends; FOMC minutes reveal divided members



NAFCU TODAY | The News You Need Daily.

August 22, 2019



----------

----------

Hunt offers insights into FOM victory in Compliance Network [ [link removed] ]
Following Tuesday's decision by U.S. Court of Appeals for the District of Columbia Circuit to rule in favor the NCUA in the lawsuit challenging its 2016 field of membership rule, NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt provided insights into the decision in the Compliance, Risk & BSA Network.


FinCEN warns FIs of drug trafficking schemes [ [link removed] ]
The Financial Crimes Enforcement Network (FinCEN) Wednesday issued an advisory alerting financial institutions to recent schemes related to the trafficking of fentanyl and other synthetic opioids. The advisory outlines tactics used by drug traffickers and consumers and includes information that will aid institutions in detecting and reporting related criminal activity.


Minutes show divided FOMC; NAFCU's Long predicts another rate cut [ [link removed] ]
Members of the Federal Open Market Committee (FOMC) – the Federal Reserve's monetary policy-setting arm – were divided ahead of committee's recent rate cut, according to minutes from the committee's July meeting released Wednesday. In addition, the committee begins its annual retreat today in Jackson Hole, Wyo., with Chairman Jerome Powell expected to speak Friday.






Today: CFPB, CUs share tips on saving during NAFCU webinar [ [link removed] ]
NAFCU is offering a webinar today featuring representatives from the CFPB and association-member credit unions who will discuss financial literacy efforts to encourage consumers to save. The webinar is set to begin at 2 p.m. Eastern; register for it now.


Mortgage rates boost existing-home sales [ [link removed] ]
Existing-home sales grew 2.5 percent during July, according to data from the National Association of Retailers. Following a steady decrease of sales from late 2018 into early 2019, NAFCU Chief Economist and Vice President of Research Curt Long attributed the growth to lower mortgage rates.



----------



----------

[link removed]




----------
NAFCU Calendar: [link removed]





----------








--------------------------------------------

JOIN THE CONVERSATION:
LINKEDIN: [link removed]
FACEBOOK: [link removed]
TWITTER: [link removed]
YOUTUBE: [link removed]
BLOGS: [link removed] ]
---------------------------------------------
Send feedback [ mailto:[email protected] ]
Subscribe now to NAFCU Today [ [link removed] ]
Opt out of NAFCU Today