Also: NAFCU, trades ask Congress to protect EIPs from garnishment; Thaler reiterates CUs' support of small biz
NAFCU TODAY | The News You Need Daily.
February 25, 2021
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FinCEN warns of EIP-related fraud, other financial crimes [ [link removed] ]
The Financial Crimes Enforcement Network (FinCEN) is alerting financial institutions to fraud and other financial crimes related to economic impact payments (EIPs). The new advisory, issued Wednesday, includes descriptions of EIP fraud, associated red flag indicators, and information on reporting suspicious activity.
NAFCU, trades ask Congress to address garnishment concerns in COVID package [ [link removed] ]
As the House prepares to advance the next round of coronavirus relief, NAFCU joined with several other financial institution and consumer groups to ask Congress to include language to protect economic impact payments (EIPs) from garnishment.
NAFCU outlines small biz support as Senate committee tackles rebuilding Main Street [ [link removed] ]
Ahead of today's Senate Banking Committee hearing to discuss efforts to support small businesses amid the ongoing coronavirus pandemic, NAFCU Vice President of Legislative Affairs Brad Thaler highlighted the ways in which credit unions have stepped up to support Main Street small businesses and shared areas where additional help is needed to support their communities.
New-home sales rise in January, inventory reaches highest level since May [ [link removed] ]
New-home sales rose 4.3 percent from December's upwardly revised rate of 885,000 annualized units to 923,000 units in January. In a new NAFCU Macro Data Flash report, NAFCU's Curt Long noted that new homes for sale are at their highest level since May.
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