NAFCU
webinar tackles coronavirus economic concerns, compliance challenges
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
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
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.
ICYMI:
Coronavirus Update Webinar (Member-Only)
The impact of the coronavirus
pandemic on the credit union industry
NAFCU
talks remittances, UDAAP, more with CFPB
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
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.
