NCUA
outlines priorities for exams
The NCUA, in a Letter to Credit Unions
released Monday, outlined its priorities for examinations during the coronavirus
pandemic. The agency had previously mandated an offsite policy for staff and said
exams would take place offsite through May 1; the policy will remain in effect until further notice.
NAFCU
calls on Treasury to ensure CUs can meet small biz lending needs
Following
enactment of the Phase 3 coronavirus relief package, which includes a new Small
Business Administration (SBA) paycheck protection program, NAFCU President and
CEO Dan Berger urged Treasury Secretary Steven Mnuchin to expeditiously publish
guidance related to this program and ensure that all federally-insured credit
unions (FICUs) are able to act as lenders under it.
New
Compliance Blog breaks down paid leave requirements
In a new NAFCU
Compliance Blog post, Vice President of Regulatory Compliance Brandy Bruyere explains
how the Emergency Paid Leave Act and Emergency Family and Medical Leave Expansion
Act – enacted earlier this month as part of the Phase 2 coronavirus relief package
– could impact credit unions. The provisions are set to take effect tomorrow and expire Dec. 31.
Updated
Compliance-Related FAQs Regarding COVID-19
Questions on how the
coronavirus pandemic impacts credit unions are answered here
NAFCU's
Long, on Fox News at Night, talks coronavirus, economy
With the coronavirus
outbreak having a strong impact on the economy and credit unions' day-to-day
operations, NAFCU Chief Economist and Vice President of Research Curt Long has
been at the forefront of this national discussion and on Friday joined Fox News
at Night with Shannon Bream to offer insights.
Today:
NAFCU, NCUA chairman to provide important updates to CUs
Today, NCUA
Chairman Rodney Hood will join NAFCU President and CEO Dan Berger on the association's Q1
Member Call-In to provide members with important agency updates. The call –
set to begin at 4 p.m. Eastern – will also feature updates on the Phase 3 coronavirus
relief package, the CARES Act, from Executive Vice President of Government Affairs
and General Counsel Carrie Hunt and other senior staff.
NAFCU,
trades to FCC: Allow FIs to communicate coronavirus-related information with members
NAFCU Monday joined with other financial services trade associations to ask the
Federal Communications Commission (FCC) to ensure financial services providers
can contact consumers on matters related to the coronavirus pandemic during the national emergency.
NAFCU's
Hunt tells CU leaders to be engaged, confident
Joining The CUInsight
Experience Podcast with host Randall Smith, NAFCU Executive Vice President of
Government Affairs and General Counsel Carrie Hunt shared her thoughts on credit
union advocacy, leadership, and making tough decisions.
NAFCU
seeks feedback on NCUA's corporate CU proposal
Following the NCUA's
proposal to amend the agency's corporate credit union rules, NAFCU is seeking
member credit union feedback on how the changes would impact operations. Credit
unions can submit comments through NAFCU's Regulatory Alert until May 5; comments are due to the NCUA May 26.
