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.
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.