Hunt
offers insights into FOM victory in Compliance Network
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
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
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.
Built by CFOs, for CFOs
The actionable info
you need to advance your CU further
Today:
CFPB, CUs share tips on saving during NAFCU webinar
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
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.
