This
week: NAFCU at NCUA diversity summit, CFPB small biz symposium
While
members of the House return to their home districts for the week, the Senate remains
in session. In addition to continuing its award-winning advocacy efforts on Capitol
Hill, NAFCU will also attend two events at the NCUA and CFPB focused on diversity
and inclusion and small business data collection, respectively.
BSA
Blast details actions to combat opioid trafficking, improve BSA info sharing
A new edition of NAFCU's BSA Blast – in a new user-friendly digital format
with direct links to each section – is now available on the association's
website. The October issue takes a look at the Office of Foreign Assets Control
(OFAC) and FinCEN's recent actions targeting synthetic opioids and reviews
the Government Accountability Office's (GAO) report on Bank Secrecy Act (BSA) information sharing.
Despite
GM strike, October jobs see gains
Despite a General Motors strike that
depressed the month's numbers, October's "job report was a solid
one which supports [last] week's Fed decision of a hawkish rate cut,"
said NAFCU Chief Economist and Vice President of Research Curt Long. October saw
128,000 jobs added, and the September and August gains were revised up by 44,000 and 51,000 jobs, respectively.
2019 NAFCU
Accomplishments
We are proud to serve over 51% of the industry's
assets! Thanks for joining us in our journey of growth. See more of what we achieved
together this year.
NCUA
selects 3 MDI CUs for mentoring grants
The NCUA Friday announced that
three minority depository institution (MDI) credit unions, including a NAFCU-member
credit union, will receive a total of $74,875 in grants to establish mentoring
programs as part of the agency's new pilot program.
CUs
maximize lending portfolios at NAFCU conference
NAFCU's sold out
Lending Conference – kicking off today in Austin, Texas – will educate credit
unions on ways to maximize their lending programs to effectively compete in today's marketplace.
