Also: PPP, exams, capital relief focus of conversation with Hood; NAFCU talks Reg D, CC concerns with CFPB
NAFCU TODAY | The News You Need Daily.
May 5, 2020
----------
----------
Berger to Fed: Clarify Reg D limit removal is permanent [ [link removed] ]
NAFCU President and CEO Dan Berger Monday wrote to the Federal Reserve Board of Governors asking for clarification on whether the recent interim final rule that eliminates the six-per-month transaction limit between savings and checking accounts under Regulation D is permanent.
Berger discusses CU concerns, priorities with NCUA Chairman Hood [ [link removed] ]
NAFCU President and CEO Dan Berger and NCUA Chairman Rodney Hood Monday discussed credit union concerns and priorities on a number of issues, including the Small Business Administration's (SBA) paycheck protection program (PPP), exam and capital relief, and funding for Community Development Financial Institutions (CDFI) and the Community Development Revolving Loan Fund (CDRLF).
Reg D, CC concerns focus of NAFCU, CFPB call [ [link removed] ]
NAFCU Monday discussed with the CFPB the Federal Reserve's recent interim final rule that eliminates the six-per-month transaction limit between savings and checking accounts under Regulation D and credit unions' concerns regarding how this change could impact Regulation CC compliance.
IRS notice says tax deductions not allowed for PPP loans [ [link removed] ]
The IRS Friday released a notice clarifying that businesses that receive a loan through the paycheck protection program (PPP) created by the CARES Act cannot deduct otherwise tax-deductible expenses if the payment of the expense results in forgiveness of a covered PPP loan.
Vehicle sales fall to lowest number since 1976 [ [link removed] ]
Total vehicle sales continued to plummet in April, falling to 8.6 million annualized units. Monthly sales levels were down 47.8 percent versus April 2019 and hit the lowest number on record since January 1976 when the Commerce Department began recording data series.
----------
----------
----------
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]
