Also: NCUA to SCOTUS: Deny ABA's petition in FOM case; New insights into COVID-19's impact on CUs, consumers today
NAFCU TODAY | The News You Need Daily.
May 27, 2020
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NAFCU sets virtual event to bring together industry leaders [ [link removed] ]
Looking for a unique opportunity to gain valuable insights and discuss challenges introduced by the coronavirus pandemic? NAFCU's State of the Industry, a complimentary virtual event, is designed to equip credit union executives and board members with the data, trends, and takeaways needed to make the urgent decisions to keep operations running amid the pandemic and plan for the future.
NCUA asks SCOTUS to deny ABA's petition in FOM case [ [link removed] ]
The NCUA Tuesday asked the U.S. Supreme Court to deny to the American Bankers Association's (ABA) request that it take up its challenge to the agency's 2016 field of membership (FOM) rule. NAFCU has stood by the NCUA throughout the lawsuit, and NAFCU President and CEO Dan Berger continued to show the association's support in a joint statement released yesterday with CUNA and CUNA Mutual Group.
Today: How COVID-19 is changing consumer behaviors, CU landscape; Registration still open [ [link removed] ]
NAFCU is offering a complimentary town hall today – registration required – for credit unions looking to better understand members' needs as the coronavirus pandemic changes consumer behaviors. Featuring Mission Federal Credit Union President and CEO Debra Schwartz, Webster First Federal Credit Union President and CEO Mike Lussier, Strategic Resource Management Senior Vice President Larry Pruss, and NAFCU President and CEO Dan Berger, the discussion will provide insights into the changing credit union landscape and how credit unions can adapt to stay strong.
NCUA chairman voices support for NAFCU, trades' FCC petition [ [link removed] ]
NCUA Chairman Rodney Hood sent a letter to Federal Communications Commission (FCC) Chairman Ajit Pai regarding the NAFCU-sought, joint trade group petition to permit certain automated calls to fall under the Emergency Purposes Exception of the Telephone Consumer Protection Act (TCPA). NAFCU continues to urge the FCC to expeditiously finalize its declaratory ruling to allow financial institutions to contact consumers on matters related to the coronavirus pandemic during the national emergency.
House expected to vote on changes to PPP [ [link removed] ]
The House this week is set to vote on legislation to ease restrictions on how businesses use the Small Business Administration’s paycheck protection program (PPP). The proposed House legislation would reportedly give businesses 24 weeks to spend the money from the program and would eliminate a requirement that at least 75 percent of the PPP loan forgivable amount must be used toward payroll.
Long joins Fox News' America's News HQ to talk job market, PPP [ [link removed] ]
NAFCU Chief Economist and Vice President of Research Curt Long joined Fox News' America's News HQ with Leland Vittert and Arthel Neville Monday for an exclusive interview to discuss the job market and the importance of providing small businesses with relief during the coronavirus pandemic.
CFPB releases NAL templates for mortgage servicers, small-dollar lenders [ [link removed] ]
The CFPB has released two templates under its No-Action Letter (NAL) Policy to assist entities looking to provide consumers with relief amid the coronavirus pandemic: One of the templates is for mortgage servicers and the other is for small-dollar lenders.
NCUA details CLF enhancements in new webinar [ [link removed] ]
The NCUA has an on-demand webinar available detailing the recent regulatory and legislative enhancements made to its Central Liquidity Facility (CLF). Following the enactment of the CARES Act, which made temporary changes to the CLF, the NCUA issued an interim final rule to implement the changes.
New-home sales rise slightly amid the coronavirus pandemic [ [link removed] ]
New-home sales were up 0.6 percent from March's revised rate of 619,000 annualized units to 623,000 units in April. NAFCU Chief Economist and Vice President of Research Curt Long noted that although uncertainty remains, "the housing market looks like it will hold up better than any other area of the economy this year."
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