Also: NAFCU creates compliance FAQs on coronavirus, calls for e-sign relief
NAFCU TODAY | The News You Need Daily.
March 20, 2020
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5 things CU leaders need to know on coronavirus [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know news bits related to coronavirus efforts and concerns:
NAFCU launches coronavirus FAQs for CUs [ [link removed] ]
As credit unions work to support their members, NAFCU has launched a new set of Frequently Asked Questions (FAQs) designed to address specific issues related to the coronavirus. The association also has a dedicated webpage with the latest developments and resources.
NAFCU seeks e-sign relief for CUs, members [ [link removed] ]
NAFCU's Carrie Hunt yesterday urged the CFPB to modernize electronic disclosure and signature-related provisions of all its regulations and outlined proposed legislative amendments to the Electronic Signatures in Global and National Commerce Act (E-Sign Act) to provide relief to credit unions and their members amid the coronavirus pandemic.
CFPB provides tips to handle coronavirus impact, how to proceed with financial obligations [ [link removed] ]
Amid concerns about the financial impact of the coronavirus outbreak, the CFPB published a blog post Monday detailing how consumers can best protect themselves.
FCC's O'Rielly nominated for third term [ [link removed] ]
President Donald Trump Wednesday re-nominated Federal Communications Commissioner Michael O'Rielly for another five-year term. O'Rielly was previously nominated for a seat on the FCC in 2013 and has served two terms; he is being nominated another five-year term that will expire in 2024.
FDIC approves applications for 2 industrial loan companies [ [link removed] ]
The FDIC this week approved two deposit insurance applications for two new industrial loan companies (ILCs): Square, Inc. and Nelnet, Inc. NAFCU has argued against the continued chartering of ILCs due to lack of Federal Reserve oversight.
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