Also: SBA works to connect PPP borrowers with smaller lenders; Don't forget to register for landmark State of the Industry
NAFCU TODAY | The News You Need Daily.
June 22, 2020
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This week: NAFCU monitoring NDAA markups, CFPB reform, NCUA meeting [ [link removed] ]
NAFCU's award-winning advocacy team remains actively engaged on Capitol Hill this week as lawmakers tackle several issues that could impact the credit union industry. In addition, the association's landmark virtual State of the Industry is happening Thursday – registration is still available for this complimentary event.
SBA works to match PPP borrowers with CDFIs, smaller lenders [ [link removed] ]
The Small Business Administration (SBA) Friday announced the launch of its online tool for small businesses and non-profits to find Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), and other smaller asset-size lenders offering loans through the paycheck protection program (PPP).
Don't miss out: NAFCU's State of the Industry right around the corner [ [link removed] ]
When working to provide credit union members with the tools and resources needed during an unprecedented time, NAFCU has leveraged virtual technology to ensure the industry remains strong both during and after the coronavirus pandemic. Thursday, join credit union executives and board members from around the country for NAFCU's State of the Industry complimentary virtual event.
NCUA outlines multi-phase reopening, on-site exams plan [ [link removed] ]
The NCUA last week issued a Letter to Credit Unions detailing the agency's multi-phase approach to resuming on-site operations. When the NCUA enters the plan's first phase, which will be communicated beforehand, the agency may begin conducting voluntary on-site examinations.
NCUA recognizes Juneteenth, releases report on MDIs [ [link removed] ]
NCUA Board Chairman Rodney Hood Friday recognized the significance of Juneteenth and reiterated his call for the credit union industry to work toward greater financial inclusion for all Americans. The agency also released its annual report to Congress detailing the financial condition of Minority Depository Institution (MDI) designated credit unions.
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