Also: Paycheck protection program info available for lenders, borrowers; Tips to keep payments clean amid pandemic



NAFCU TODAY | The News You Need Daily.

April 1, 2020



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NCUA efforts, small biz lending, other coronavirus issues addressed in member call [ [link removed] ]
During NAFCU's Q1 Member Call-In yesterday, NCUA Chairman Rodney Hood joined NAFCU President and CEO Dan Berger and other senior staff to provide credit unions with an update on the agency's efforts to support credit unions and their 120 million members throughout the coronavirus pandemic while ensuring safety and soundness of the industry.


All FICUs can lend under new SBA program, says guidance [ [link removed] ]
The Treasury Department and Small Business Administration have released information for the $349 billion paycheck protection program included in the Phase 3 coronavirus relief package. Treasury-issued guidance for lenders heeds NAFCU President and CEO Dan Berger's request that all federally-insured credit unions (FICUs) be allowed to offer loans under the program.


CUs: Access tips for cleaner payments [ [link removed] ]
As Americans shift their focus to exercising careful hygiene practices due to the coronavirus pandemic, the U.S. Payments Forum has released new resources outlining practical tips for a "cleaner" payment experience for merchants, ATM owners, and consumers.






IRS releases FAQs on economic impact payments [ [link removed] ]
For those with questions related to the economic impact payments to individuals and families that were designated by the Phase 3 coronavirus relief package, the IRS has released FAQs addressing eligibility, how payments will be made, and other important information.


SBA extends express bridge loan pilot program [ [link removed] ]
Today, the Small Business Administration (SBA) released an update to its express bridge loan (EBL) pilot program, extending the program from its original expiration date of Sept. 30, 2020, to March 13, 2021. The update also expands eligibility to include small businesses that may be adversely impacted by the coronavirus.



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