FinCEN
warns of EIP-related fraud, other financial crimes
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
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
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.
Build and Strengthen Your Core Compliance
Knowledge
Attend NAFCU's Virtual Spring Regulatory Compliance School
to understand credit union compliance from A to Z.
New-home
sales rise in January, inventory reaches highest level since May
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.