Pelosi
unveils HEROES Act for more coronavirus relief
House Speaker Nancy
Pelosi, D-Calif., Tuesday unveiled House Democrats' $3 trillion proposal
for the next phase of coronavirus relief – the Health and Economic Recovery
Omnibus Emergency Solutions (HEROES) Act – which focuses on providing assistance
to workers, renters and homeowners, state and local governments, and more. The
House is expected to vote on the package as early as Friday.
What
CUs need to know as forbearance requests increase
House Democrats Tuesday
unveiled their Phase 4 coronavirus relief package – the Health and Economic
Recovery Omnibus Emergency Solutions (HEROES) Act – which includes several amendments
to provisions of the CARES Act related to mortgage forbearances. As more homeowners
seek mortgage relief amid the pandemic, NAFCU continues its work with Congress,
the Treasury Department, Federal Housing Finance Agency (FHFA), and NCUA to ensure
credit union mortgage servicers receive more guidance and relief.
Hood,
FI regulators discuss serving communities in need amid the coronavirus pandemic at hearing
NCUA Chairman Rodney Hood and representatives from other financial regulators
testified before the Senate Banking Committee Tuesday sharing insights into the
safety and soundness of the U.S. financial system and their efforts to provide
financial institutions with relief and resources amid the coronavirus pandemic.
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what's trending in the NAFCU Human Resources Network
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online community for credit union HR professionals and those that serve the HR
function.
Survey:
Small businesses' economic outlook continues slide
Small business
optimism regarding economic conditions continues to fall amid the coronavirus
pandemic, according to the latest NFIB survey. Additionally, sales expectations
reached the lowest reading in the monthly survey's 46-year history, reaching a net negative 42 percent.
Consumer
prices tumble in largest one-month drop since 2008
On a seasonally-adjusted
basis, overall consumer prices fell 0.8 percent in April, the second decline in
a row and largest one-month drop since December 2008. The Bureau of Labor Statistics
reported that the overall consumer price (CPI) grew by 0.4 percent over the 12-month period.
