NAFCU
reiterates CUs' capital, liquidity concerns to lawmakers
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
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
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.
NAFCU's State of the Industry
- A Virtual Event
Get the data, trends and takeaways you need now
to keep your operations strong.
NCUA
bans 3 from future work in FIs
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.
