Also: NAFCU reiterates importance of CDFIs, MDIs ahead of hearing; Senate considers House-passed PPP changes

NAFCU Today
The News You Need Daily
 

June 3, 2020

CUs: How has the coronavirus pandemic affected your institution?
Credit unions – as you begin to return to normal operations and reflect on lessons learned from the onset of the coronavirus pandemic, what challenges are your institution facing? Through a new survey sent to NAFCU member credit unions Tuesday, the association is seeking direct feedback on the current state of the credit union industry.

NAFCU voices support for CDFIs, MDIs ahead of HFSC hearing
NAFCU Vice President of Legislative Affairs Brad Thaler sent a letter to the House Financial Services Subcommittee on Consumer Protection and Financial Institutions reiterating the important role community development financial institutions (CDFIs) and minority depository institutions (MDIs) play in supporting underserved communities and small businesses.

Senate considers House-passed PPP bill
Senate Majority Leader Mitch McConnell, R-Ky., indicated the Senate could potentially pass a House version of legislation, which passed overwhelmingly with bipartisan support last week, to make changes to the Small Business Administration's (SBA) paycheck protection program (PPP).


NAFCU's State of the Industry - A Virtual Event
Get the data, trends and takeaways you need now to keep your operations strong.

View Agenda

CFPB offers clarification with new FAQs on remittance rule
The CFPB has issued a set of FAQs to provide clarification on the bureau's Remittance Rule, which was recently amended to increase the safe harbor threshold  from 100 transfers in the previous and current calendar year to 500 transfers. 

How CARES Act helped economy, what more is needed covered in Senate hearing
Panelists before the Senate Banking Committee yesterday shared how the CARES Act has helped stabilize the economy amid the coronavirus pandemic and what more is needed to ensure consumers, small businesses, and communities can recover effectively.


NAFCU's State of the Industry - A Complimentary Virtual Event
Get the data, trends and takeaways you need now to keep your operations strong amid the pandemic—and to plan for the future. View the agenda.

Need for Small Dollar Lending in Times of Crisis
Learn how credit unions can position themselves to meet their members' needs for short-term, small dollar loans in our latest interview with Velocity Solutions.

 
 NAFCU CALENDAR
JUNE
3
CU Research Survey
Topic: Loan Forbearance
JUNE
4
BSA for Seasoned BSA Officers
Live Webinar
JUNE
4
Credit Loss in the Time of COVID-19: Methods to Better Prepare Your CU
Complimentary Live Webinar
JUNE
8
Debt Collection During the Pandemic and Beyond — Positioning for the Future
Live Webinar
JUNE
8
NAFCU Roadshow: Issues Facing New York-based Credit Unions During COVID-19
Complimentary Live Webinar

 
 

 

 

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