Also: Inside look at SBA's PPP on Lending Network; NAFCU talks telework risk with NCUA
NAFCU TODAY | The News You Need Daily.
April 13, 2020
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This week: NAFCU continues fight for CU relief in Phase 4 coronavirus package [ [link removed] ]
As the industry's Washington Watchdog, NAFCU is committed to advocating for credit union priorities to Congress, regulators, and other decision makers as coronavirus relief measures are pursued. The association aims to keep credit unions informed of regulatory updates and aware of possible operational impacts so that they may continue to withstand the coronavirus pandemic.
PPP insights shared in new Lending Network post [ [link removed] ]
NAFCU Regulatory Affairs Counsel Kaley Schafer is giving members an inside-look at the Small Business Administration's (SBA) paycheck protection program (PPP) – including help accessing lender portals, what promissory notes are accepted, and updated forms, guidance, and FAQs – in a new post on the association's member-only online Lending Network.
NAFCU's LaBerge details NCUA's view on managing teleworking risk [ [link removed] ]
Following NAFCU's discussion with the NCUA's Johnny E. Davis on cybersecurity and privacy risks during the coronavirus pandemic, NAFCU Senior Regulatory Counsel Elizabeth LaBerge provided insights into the group's discussion in a new post on the member-only Compliance, Risk & BSA Network.
CFPB provides remittance relief [ [link removed] ]
The CFPB issued a policy statement suspending supervisory and enforcement action against certain remittance transfer providers under the temporary fee and exchange rate exception. The bureau provided the relief amid the coronavirus pandemic in order to "enable insured institutions to continue to focus on the immediate needs of their customers" who may be sending money to family or friends in other countries.
Treasury, IRS launch stimulus payment tool for non-filers [ [link removed] ]
The Treasury Department and Internal Revenue Service Friday launched a new web portal, the non-filer tool, to help those who don't normally file a tax return register for the stimulus payments under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The agencies also announced that automatic payments are set to begin this week.
NAFCU webinars tackle economy, risk, more [ [link removed] ]
As credit unions seek resources to help them manage day-to-day operations and stay on top of the changing regulatory environment amid the coronavirus pandemic, NAFCU is committed to providing the best education opportunities via online learning.
Inflation drops in March; Low demand will cause further slide [ [link removed] ]
On a seasonally-adjusted basis, overall consumer prices fell 0.4 percent in March after a slight rise in February – the largest one-month drop since 2015. The Bureau of Labor Statistics (BLS) reported that the overall consumer price index (CPI) grew 1.5 percent over the 12-month period.
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