NAFCU,
member CUs meet with NCUA on ACCESS initiative
Several representatives
from NAFCU-member credit unions Wednesday met with the NCUA for a roundtable discussion
on its Advancing Communities through Credit, Education, Stability and Support
(ACCESS) initiative. Announced last year by Board Member Rodney Hood, who gave
opening remarks during the meeting, the initiative brings together leaders from
across the NCUA to modernize regulations, policies, and programs in support of greater financial inclusion.
NAFCU
flags opportunities as House committee explores COVID-19 response
Ahead
of today's House Financial Services Committee hearing to discuss the response
to the coronavirus pandemic and ensure consumers have the resources and relief
needed to recover from inflicted financial difficulties, NAFCU's Brad Thaler
highlighted tools and flexibility that will allow credit unions to better support members and communities.
Today:
House committee tackles state of small biz economy
Today, the House
Small Business Committee will hold a hearing to assess the state of the small
business economy nearly a year into the global coronavirus pandemic. NAFCU’s
Brad Thaler wrote to the committee ahead of the hearing to share how the credit
union industry has stepped up to ensure small businesses and their communities
are supported amid the pandemic. He also reiterated how providing credit unions
with relief from the arbitrary member business lending (MBL) cap would allow the industry to provide more assistance.
Forward
Thinking Strategies to Help Your CU Thrive, Not Just Survive
Attend
NAFCU's Virtual Strategic Growth Conference to gain insights and best practices
for pushing your CU growth forward.
FinCEN
alerts FIs to health care fraud
The Financial Crimes Enforcement Network
(FinCEN) is alerting financial institutions to a rise in fraud trends related
to the health care industry as the coronavirus pandemic continues. FinCEN outlines
16 red flag indicators to look out for, and provides additional details into submitting
suspicious activity reports (SARs) for these frauds.
Vehicle
sales rise in January; NAFCU expects strong sales throughout 2021
Total
vehicle sales grew in January, jumping from 16.2 million annualized units to 16.6
million during the month; however, sales fell 1.4 percent since this time last
year. NAFCU Chief Economist and Vice President of Research Curt Long noted that
light truck sales have continued to drive most sales as auto sales are down significantly year-over-year.
