NAFCU
to NCUA: Keep parity with banks on residential real estate appraisals
"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?
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
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.
Save $300
on any NAFCU Online Training Subscription
Use Code NEWYEAR by February
7 to get $300 off
Falling
new-home sales still up from a year ago
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.
