Also: SBA issues new rule, forms to address PPP flexibility changes; Latest updates CUs need to know on coronavirus
NAFCU TODAY | The News You Need Daily.
June 12, 2020
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NAFCU partners with DCUC, CUNA to defend CUs in NDAA [ [link removed] ]
NAFCU, along with the Defense Credit Union Council (DCUC) and CUNA, again voiced opposition against the inclusion of a provision regarding bank leases in the fiscal year 2021 National Defense Authorization Act (NDAA) in a letter to the House Armed Services Committee. The provision – if included in the final version of the bill – could disadvantage credit unions as it would treat all banks, including large ones like Wells Fargo, the same as local, not-for-profit credit unions when it comes to nominal leases on military bases.
SBA issues revised IFR, updates applications to reflect PPP Flexibility Act changes [ [link removed] ]
The Small Business Administration (SBA) has released an interim final rule (IFR) to make revisions that are consistent with the recently enacted Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010). In addition, the SBA updated both the borrower application and the lender application to reflect changes made by the law.
5 things to know on coronavirus [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.
NAFCU here to serve CUs [ [link removed] ]
Throughout the coronavirus pandemic, credit unions have demonstrated why more than 120 million Americans have chosen them to meet their financial goals. NAFCU is proud to serve the credit union industry as the only trade group focused on representing its interests at the federal level.
This week in compliance: Collectability, NMLS disclosures, more [ [link removed] ]
As credit unions work to meet the needs of their members and communities amid the coronavirus pandemic and restore normal operations, NAFCU's award-winning Regulatory Compliance Team is continuing to keep the industry informed with on the Compliance Blog every Monday, Wednesday, and Friday.
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