Also: FinCEN's CTR filing instructions changes in new blog; No rate change expected as FOMC meeting begins
NAFCU TODAY | The News You Need Daily.
January 28, 2020
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NAFCU to NCUA: Keep parity with banks on residential real estate appraisals [ [link removed] ]
"NAFCU recommends that the NCUA continue to set an appraisal threshold that provides parity with banks and offer additional commentary on what constitutes a complex transaction to provide credit unions with greater clarity," wrote NAFCU's Kaley Schafer to the NCUA Monday in response to its proposed rulemaking to raise the threshold requirement to $400,000 for an appraisal of a single one-to-four family residential property.
What changed in FinCEN's CTR filing instructions? [ [link removed] ]
A new NAFCU Compliance Blog post explains changes made by the Financial Crimes Enforcement Network (FinCEN) to its Currency Transaction Report (CTR) Electronic Filing Instructions, which provide technical corrections and clarifications for complex currency-related situations.
No rate change expected as FOMC begins 1st 2020 policy meeting [ [link removed] ]
The Federal Open Market Committee (FOMC) begins its first two-day, monetary policy-setting meeting of the year today, which is not expected to end with a rate change.
NAFCU's 2020 Advocacy Priorities. Because to us, it's personal. Read Advocacy Priorities [link removed]
Falling new-home sales still up from a year ago [ [link removed] ]
New-home sales fell to 697,000 units in December – down 0.4 percent from November's downwardly-revised rate of 694,000 units. However, sales were 23 percent higher than a year ago.
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