This
week: NAFCU advocacy in high gear as Congress returns to Washington
With the House and Senate back in Washington this week, NAFCU's award-winning
advocacy team remains engaged on Capitol Hill as lawmakers tackle several issues
that could impact the credit union industry, including the fiscal year 2021 National
Defense Authorization Act (NDAA), Phase 4 of coronavirus relief, NCUA Board nominee and more.
NAFCU
details NCUA exam modernization efforts, seeks member feedback
NAFCU
is currently seeking comment from member credit unions on the NCUA's request
for information (RFI) on virtual examinations as part of NCUA’s larger exam
modernization efforts, including strategies for the future of exams and the use of digital technology.
Lawmakers
discuss impact of PPP with SBA, Treasury
The House Small Business Oversight
Subcommittee Friday held a hearing with Small Business Administration (SBA) Administrator
Jovita Carranza and Treasury Secretary Steven Mnuchin, which focused on the impact
of the paycheck protection program (PPP) in helping small businesses hardest hit by the coronavirus pandemic.
3rd
Edition Now Available: NAFCU's Credit Union Director Handbook!
We've
updated our handbook to provide CU Board of Directors with more necessary tools
to fulfill their role - Program Underwritten by Gallagher
Virtual
BSA School kicks off with key regs
NAFCU's Virtual BSA School
– reimagined in an all new digital format to ensure credit union compliance
professionals have the core Bank Secrecy Act (BSA)/anti-money laundering (AML)
knowledge needed amid the coronavirus pandemic – kicks off today with sessions
focused on BSA/AML basics and key regulations.
CFPB
announces enhancements to consumer complaint database
The CFPB Friday
announced new updates and capabilities to the Consumer Complaint Database, which
will allow users to see information about complaints over time using an enhanced
set of filter options. NAFCU has previously shared concerns with the bureau regarding
the consequences credit unions face as a result of unverified consumer narratives.
