Also: Berger asks Trump, Kudlow for more CU relief, keeps members informed of Washington's efforts
NAFCU TODAY | The News You Need Daily.
March 17, 2020
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NCUA, FinCEN provide updates amid coronavirus; NAFCU confirms Reg D relief [ [link removed] ]
The NCUA issued an update on its efforts to assist credit unions throughout the coronavirus pandemic, including how credit unions can support members, answering frequently asked questions, and giving an update on examinations and supervision during this time.
NAFCU makes additional requests as Congress, FOMC address coronavirus concerns [ [link removed] ]
NAFCU President and CEO Dan Berger Monday asked President Donald Trump and National Economic Council Director Larry Kudlow to provide credit unions with additional relief and support to better serve members impacted by the coronavirus. Berger's request comes as Congress, the Federal Reserve, and other agencies attempt to slow the spread of virus and address economic concerns.
Berger provides members with Washington update on coronavirus [ [link removed] ]
In light of the uncertainty surrounding the spread of the coronavirus and rapidly changing developments, NAFCU President and CEO Dan Berger sent an update to member credit unions Monday in which he outlined recent developments and responses from Congress, the Federal Reserve, the NCUA and other regulators.
NAFCU brings CUs' call blocking concerns to FCC [ [link removed] ]
Over the past week, NAFCU has joined conversations with Federal Communications Commission (FCC) staff from each of the commissioner's office and other industry trades to discuss the implementation of the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act and STIR/SHAKEN protocols. NAFCU has repeatedly shared concerns about credit unions' legitimate calls being erroneously blocked.
NAFCU, trades extend support for bill to reform CFPB leadership structure [ [link removed] ]
NAFCU joined with 18 trade associations to offer support for the Consumer Financial Protection Commission Act of 2020 introduced earlier this month by House Financial Services Committee Member Blaine Luetkemeyer, R-Mo., and his fellow Republicans on the Committee. This NAFCU-supported legislation would reform the CFPB's governance structure from a single director to a bipartisan commission.
SBA finalizes rule to implement 7(a) reforms [ [link removed] ]
The Small Business Administration (SBA) Monday published a final rule to implement the NAFCU-supported Small Business 7(a) Lending Oversight Reform Act. The changes take effect April 15.
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