Also: Phase 3 coronavirus package enacted with CU relief; NAFCU recommends streamlined process for mergers
NAFCU TODAY | The News You Need Daily.
March 30, 2020
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This week: NAFCU, NCUA keep CUs updated on coronavirus efforts [ [link removed] ]
After lawmakers and regulators last week approved several relief measures to support consumers, businesses, and financial institutions dealing with the coronavirus, NAFCU is keeping credit unions informed of how these efforts will impact their operations. Tomorrow, join the association for its Q1 Member Call-In to hear the latest out of Washington.
Phase 3 coronavirus package with CU relief now law [ [link removed] ]
Following Senate passage earlier in the week, the House Friday passed by voice vote the Phase 3 coronavirus relief package – the CARES Act – which includes several provisions for which NAFCU had advocated. The president subsequently signed it into law.
Expedite, streamline combination transaction process, says NAFCU [ [link removed] ]
As the NCUA considers ways to improve its rules related to combination transactions, NAFCU Director of Regulatory Affairs Ann Kossachev encouraged an expeditious timeline for approval and suggested a careful review of its existing requirements for merger transactions to streamline the process.
CFPB seeks recommendations for taskforce [ [link removed] ]
The CFPB Friday issued a request for information (RFI) to inform the efforts of its Taskforce on Federal Consumer Financial Law. The bureau launched the taskforce last year to find ways to improve and strengthen consumer financial laws and regulations.
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