NAFCU
hits the virtual road with state-specific webinar series
As NAFCU seeks
ways to keep the industry informed of the latest information and challenges impacting
operations amid the coronavirus pandemic, the association is launching a virtual
roadshow featuring more than 20 events targeting individual states and regions.
Senate
passes PPP changes; bill heads to Trump
The Senate Wednesday passed
by unanimous consent legislation to make changes to the Small Business Administration's
(SBA) paycheck protection program (PPP). The House passed the bill with overwhelming
bipartisan support last week; it now heads to the president's desk.
CFPB
provides some NAFCU-sought relief under e-sign
The CFPB Wednesday issued
an update saying it will take a flexible approach to its supervisory and enforcement
practices related to electronic credit card disclosures amid the coronavirus pandemic.
NAFCU has worked closely with the CFPB to modernize e-sign requirements and reiterated
additional ways to provide relief to credit unions and their members during a
call yesterday with CFPB Director Kathy Kraninger.
NAFCU's State of the Industry - A Virtual
Event
Get the data, trends and takeaways you need now to keep your
operations strong.
FHFA
issues final rule on FHLB housing goals
In efforts to help underserved
borrowers, the Federal Housing Finance Agency (FHFA) Wednesday published a final
rule on the Federal Home Loan Banks' (FHLB) housing goals, with a NAFCU-sought
clarification that credit unions may participate.
HFSC
hearing tackles CDFIs, MDIs, access to PPP funds
The House Financial
Services Subcommittee on Consumer Protection and Financial Institutions held a
virtual hearing yesterday to discuss inclusive lending during the coronavirus
pandemic and the role community development financial institutions (CDFIs) and
minority depository institutions (MDIs) play in supporting underserved communities
and small businesses during this challenging time.
NCUA
to host webinar on BSA, share best practices
The NCUA will host a webinar
June 17 to share best practices for credit unions' Bank Secrecy Act (BSA)
programs and valuable tactics to avoid pitfalls from non-compliance. BSA and anti-money
laundering compliance is among the NCUA's supervisory priorities for 2020.
FASB's
semiannual webcast to offer important updates
The Financial Accounting
Standards Board (FASB) will hold a semiannual update on its standard-setting activities
pertaining to private companies and not-for-profit organizations via webcast Monday, June 15, at 1 p.m. Eastern.
