NAFCU
reviews e-sign relief requests with CFPB
NAFCU Tuesday held a call
with the CFPB to further discuss the coronavirus' impact on credit unions
and their members, and the bureau's efforts to provide relief. Of note, the
discussion reviewed NAFCU's request to modernize e-sign requirements and ways the bureau can do so.
NCUA's
Harper sends lawmakers new letter for CU relief
In a letter to Senate
Banking Committee Chairman Mike Crapo R-Idaho, and Ranking Member Sherrod Brown,
D-Ohio, NCUA Board Member Todd Harper has proposed several legislative opportunities
to provide credit unions with relief during the coronavirus pandemic.
Hood
to testify before Senate Banking Committee next week
The Senate Banking
Committee is holding a hearing next week with NCUA Chairman Rodney Hood slated
to testify. The hearing will focus on regulators' efforts to provide financial
institutions with relief and resources amid the coronavirus pandemic.
Updated FAQs: SBA Programs
Under the CARES Act
Get answers to your questions on the Small
Business Administration's Paycheck Protection Program.
Fed
survey reveals tightening lending standards, economic uncertainty
The
Federal Reserve's first-quarter senior loan officer opinion survey (SLOOS)
revealed tightening lending standards and shifting loan demand as the coronavirus
pandemic and its economic impact spread in late March.
FHFA
extends some coronavirus relief efforts
The Federal Housing Finance
Agency (FHFA) Tuesday extended several of its efforts intended to provide relief
to borrowers for government-sponsored enterprise (GSE) loans amid the coronavirus
pandemic. NAFCU is working closely with the FHFA to support liquidity in the mortgage
market and ensure credit unions' concerns are addressed.
NAFCU's
recertification deadline extended to October 2021
NAFCU has extended
all of the recertification deadlines for credit union professionals who are currently
certified through its Bank Secrecy Act, compliance, volunteer, and risk manager
programs as the coronavirus pandemic may prevent attendance at conferences and ability to obtain necessary credits.
