Also: NAFCU, trades ask Congress to protect EIPs from garnishment; Thaler reiterates CUs' support of small biz

NAFCU Today
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February 25, 2021

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.


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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.


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 NAFCU CALENDAR
FEB
25
Fundamentals of Credit Union Subordinated Debt
Webinar
FEB
26
The CDFI Rapid Response Program
Complimentary Webinar
MAR
1
Comments Due to NAFCU: NCUA - Simplification of Risk-Based Capital Requirements
Important Regulatory Date
MAR
4
Comments Due to NAFCU: NCUA - CAMELS Rating System
Important Regulatory Date
MAR
10
CU Research Survey Due
Topic: Branching

 
 

 

 

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