From NAFCU Today <NAFCUToday@nafcu.org>
Subject NAFCU keeps CU priorities top-of-mind ahead of hearing
Date June 2, 2020 11:00 AM
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Also: Cyber & Payments Committee today talks remittances, EIPs, remote work; NCUA's PCA relief detailed in new alert



NAFCU TODAY | The News You Need Daily.

June 2, 2020



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NAFCU reiterates CUs' capital, liquidity concerns to lawmakers [ [link removed] ]
In conjunction with today's Senate Banking Committee hearing on implementing Title IV of the CARES Act, NAFCU Vice President of Legislative Affairs Brad Thaler sought additional relief for credit unions amid the coronavirus pandemic related to capital, loan modifications, liquidity and more.


Remittances, FFIEC guidance on NAFCU committee agenda [ [link removed] ]
NAFCU's Cybersecurity and Payments Committee is set to meet today to discuss the latest developments affecting the credit union industry, including new regulations and guidance from regulators. As credit unions work toward restoring normal operations, the committee will also discuss lessons learned from implementing teleworking policies and distributing economic impact payments.


NAFCU explains NCUA's recent relief for PCA requirements [ [link removed] ]
The NCUA Board during its May meeting unanimously approved a NAFCU-sought interim final rule on prompt corrective action (PCA) to provide temporary regulatory capital relief to federally-insured credit unions (FICUs). NAFCU sent members a Final Regulation Alert yesterday highlighting how the rule will impact credit unions.






NCUA bans 3 from future work in FIs [ [link removed] ]
The NCUA in May issued two prohibition notices and one prohibition order, prohibiting an individual previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution.



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NAFCU Calendar: [link removed]





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