This
week: NAFCU talks BSA/AML at FinCEN, economy at Chicago Fed
While Congress
remains at home for August recess this week, NAFCU's advocacy team continues
to hold high-profile meetings – including at the Financial Crimes Enforcement
Network (FinCEN) and Federal Reserve Bank of Chicago – on key issues facing
the credit union industry. The association is also active on Capitol Hill gearing up for its Congressional Caucus.
NAFCU
adds more speakers to Caucus schedule
NAFCU's Congressional Caucus
is just two weeks away and the agenda is quickly filling up with notable speakers,
in addition to hundreds of planned meetings with credit unions and lawmakers on
Capitol Hill. See who's been added to the lineup.
Powell:
Fed 'working to sustain' favorable economy
Federal Reserve
Chair Jerome Powell, during a speech at the Federal Open Market Committee's
annual retreat in Jackson Hole, Wyo., Friday, described the U.S. economy as being
"in a favorable place" and said the Fed is "working to sustain
these conditions in the face of significant risks."
Last week to get $250 off board and compliance training
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5M
cards exposed in supermarket breach
Compromised gas pumps, coffee shops
and restaurants operated by Hy-Vee – an Iowa-based company that operates more
than 245 supermarkets throughout the Midwest – may have led to over 5 million
credit and debit accounts being exposed and sold online.
Compliance
Blog covers banking members with limited English proficiency
In a new
post on the Compliance Blog, NAFCU Regulatory Compliance Specialist Alma Calcano
outlines federal regulatory requirements for advertisements and disclosures that credit unions should consider.
