NAFCU
sets virtual event to bring together industry leaders
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
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
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.
NAFCU's
State of the Industry - A Virtual Event
Get the data, trends and
takeaways you need now to keep your operations strong.
NCUA
chairman voices support for NAFCU, trades' FCC petition
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
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
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
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
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
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."
