Also: CUs win additional reg relief from NCUA; Berger calls on SBA to provide more CU access, guidance to PPP



NAFCU TODAY | The News You Need Daily.

April 17, 2020



----------

----------

NAFCU grassroots advocacy rallies Hill support for MBL relief [ [link removed] ]
NAFCU and its member credit unions' grassroots advocacy efforts have led to more than 60 members of Congress calling for the next coronavirus relief package to include specific relief for credit unions under the member business lending (MBL) cap.


In a win for CUs, NCUA adds more reg relief [ [link removed] ]
The NCUA Board during its meeting yesterday approved some rules to provide credit unions with regulatory relief related to appraisals and ensuring credit unions remain operational and liquid amid the coronavirus pandemic.


Berger to SBA: CUs need more PPP guidance [ [link removed] ]
NAFCU President and CEO Dan Berger, in a letter Thursday to Small Business Administration (SBA) Administrator Jovita Carranza, asked the agency to continue to approve lender portal access during this time and to provide additional guidance on loan forgiveness for its paycheck protection program as he stressed "the importance of ensuring that the opportunity to assist small business members during this uncertain time is available to all credit unions."






Berger calls on Congress to act fast on additional PPP funding [ [link removed] ]
Yesterday, the Small Business Administration (SBA) announced that all of the original $349 billion in funding for its paycheck protection program (PPP) had been fully allocated. As the industry's Washington Watchdog, NAFCU has been committed to ensuring credit unions have all the resources needed to effectively participate in the program since its launch and will continue to advocate for further funding for the program.


4 things to know on coronavirus [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources related to the coronavirus pandemic.


New on the Compliance Blog: Stimulus payment FAQs, info on appraisals, resources for CUs serving businesses [ [link removed] ]
NAFCU's award-winning Compliance Team is working around the clock to publish new Compliance Blog posts daily, Monday-Friday, to keep credit unions informed of important regulatory updates during the coronavirus pandemic. Here is a roundup of this week's blog posts.


CFPB finalizes increased HMDA data reporting thresholds [ [link removed] ]
The CFPB Thursday issued its final rule to raise the data reporting thresholds under the Home Mortgage Disclosure Act (HMDA). NAFCU has flagged for the bureau credit unions' high compliance cost of HMDA reporting and, while it is supportive of the increased thresholds, had recommended even higher thresholds to provide more regulatory relief.



----------



----------






----------
NAFCU Calendar: [link removed]





----------








--------------------------------------------

JOIN THE CONVERSATION:
LINKEDIN: [link removed]
FACEBOOK: [link removed]
TWITTER: [link removed]
YOUTUBE: [link removed]
BLOGS: [link removed] ]
---------------------------------------------
Send feedback [ mailto:[email protected] ]
Subscribe now to NAFCU Today [ [link removed] ]
Opt out of NAFCU Today? [ [link removed] ]
Update your communication preferences [ [link removed] ]
Unsubscribe to ALL of NAFCU's emails. [ [link removed] ]

NAFCU Today? is published weekdays by the National Association of Federal Credit Unions.

3138 10th Street North | Arlington, VA 22201 | email: [email protected] [ mailto:[email protected] ] | phone: (703) 522-4770; (800) 344-5580

?




Powered by Higher Logic [link removed]