Also: SBA issues rules on PPP loan forgiveness for lenders, borrowers; NAFCU urges Senate support of program changes
NAFCU TODAY | The News You Need Daily.
May 26, 2020
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This week: NAFCU, CUs keep up advocacy push during work periods [ [link removed] ]
Lawmakers in the Senate this week will remain in their home states for the Memorial Day holiday and work period as negotiations on a phase 4 coronavirus relief package continue. House members are expected to return to Washington to continue their work later this week. NAFCU will continue its direct outreach and advocacy to ensure credit union concerns are addressed in any legislative relief efforts.
PPP loan forgiveness rules for lenders, borrowers released [ [link removed] ]
The Small Business Administration (SBA) issued two interim final rules (IFRs) providing paycheck protection program (PPP) borrowers and lenders with additional information on loan forgiveness and the loan review process. The agency previously released the loan forgiveness application for borrowers; NAFCU has consistently sought additional guidance for lenders on the issue.
NAFCU urges Senate to support PPP changes [ [link removed] ]
After reaching a bipartisan agreement last week on legislation to extend some provisions of the Small Business Administration's (SBA) paycheck protection program (PPP), NAFCU Vice President of Legislative Affairs Brad Thaler wrote Senate leadership urging the chamber "to clear the measure in timely fashion."
CUs: Take advantage of NAFCU resources [ [link removed] ]
As part of its mission to provide extreme member service, NAFCU is continuously developing and updating its resources to help credit unions stay on top of regulatory and legislative changes and better understand trends impacting the industry.
NAFCU offering several webinars this week [ [link removed] ]
This week, NAFCU is offering several webinars on key industry topics ranging from changes in consumer behavior during the coronavirus pandemic and the benefits of investing in diversity and inclusion at your credit union.
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NAFCU Calendar: [link removed]
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