Also: NAFCU's Berger in contact with NCUA's Hood, CFPB officials; Senate passes emergency funding
NAFCU TODAY | The News You Need Daily.
March 19, 2020
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NAFCU webinar tackles coronavirus economic concerns, compliance challenges [ [link removed] ]
As more is done to address the health and economic impacts of the coronavirus, NAFCU is updating credit unions daily on developments out of Washington to ensure the industry is prepared to weather the storm and can effectively meet members' financial needs during the pandemic.
Berger outlines CUs' reg relief asks to NCUA's Hood, CFPB [ [link removed] ]
NAFCU President and CEO Dan Berger spoke with NCUA Chairman Rodney Hood and officials at the CFPB this week to further outline the association's requests for relief to help credit unions deal effectively with the coronavirus.
Senate clears House-passed emergency coronavirus funding, continues work on additional measures [ [link removed] ]
The Senate Wednesday passed an emergency funding package for coronavirus relief measures, including paid sick leave, free testing, food assistance, unemployment insurance, and more. The $100 billion House-passed bill, also referred to as "Phase 2" of Congress' response to the coronavirus pandemic, has been signed by the president.
NAFCU talks remittances, UDAAP, more with CFPB [ [link removed] ]
NAFCU's advocacy team remains engaged in Washington on key credit union issues and yesterday held a call with members of the CFPB's Office of Financial Markets and the Card and Payments Markets to discuss the bureau's remittance rule; the "abusive" prong of the unfair, deceptive, or abusive acts or practices (UDAAP) provision; consumer access to financial records; and faster payments.
FHFA directs GSEs to suspend foreclosures [ [link removed] ]
The Federal Housing Finance Agency (FHFA) Wednesday directed the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to support those borrowers who are at risk of losing their homes as a result of the coronavirus by suspending foreclosures and evictions for at least 60 days.
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