Also: Free webinar today to help CUs understand the program; FI regulators offer mortgage flexibility

NAFCU Today
The News You Need Daily
 

April 7, 2020

Fed to set up facility to purchase PPP loans; NAFCU here to assist CUs
As credit unions seek ways to support members impacted by the coronavirus, including through the Small Business Administration's (SBA) new paycheck protection program, NAFCU remains steadfast in its commitment to provide the best federal advocacy, compliance assistance, and education to ensure credit unions can do so effectively.

Today: Navigate PPP with NAFCU webinar
How can credit unions navigate the Small Business Administration's (SBA) paycheck protection program (PPP)? Today, NAFCU is offering a free webinar to provide expert guidance on the process for offering loans through the new program created by the CARES Act.

FI regulators offer flexibility to mortgage lenders
Financial institution regulators, including the NCUA, have issued a joint policy statement to provide regulatory flexibility to mortgage lenders and enable them to work with customers who may be struggling due to the coronavirus emergency.


Download the CARES Act Summary Chart
A section by section breakdown of H.R. 748 highlighting key provisions and the impact on CUs

Download Now


TODAY: Navigating SBA's Payment Protection Program
Review the Small Business Administration's Payment Protection Program and the best ways to make it work for your members.

In the Game: Traditional Financial Institutions Embrace Fintech Disruption
In this survey of more than 300 Financial Industry executives, many respondents didn't see fintechs as serious competitors today—however, 65% of respondents stated the belief that fintech competitors will pose a significant threat by 2022. Find out more.

 
 NAFCU CALENDAR
APR
7
CU Research Survey Due
Coronavirus Impact
APR
7
Navigating SBA's Payment Protection Program
FREE Live Webinar
APR
8
Leading During Crisis - Communication and Culture from a Distance
FREE Live Webinar
APR
9
BSA Training for Staff
Webinar
APR
10
BSA Training for Board
On-Demand Webinar
 

 

 

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