This
week: NAFCU pushes CU priorities, NCUA Board meets
As lawmakers make
progress on legislation related to the paycheck protection program (PPP) loan
forgiveness process, National Defense Authorization Act (NDAA), and more, NAFCU's
award-winning advocacy team will continue its efforts to keep credit union issues
at the forefront as lawmakers continue to discuss Phase 4 coronavirus relief efforts.
In addition, the NCUA Board will meet and is expected to address changes to field
of membership (FOM) and credit unions' transition to the current expected credit loss standard.
NAFCU-supported
PPP forgiveness bill introduced in the House
NAFCU-sought legislation
to streamline the Small Business Administration’s (SBA) paycheck protection
(PPP) loan forgiveness process was introduced by Reps. Chrissy Houlahan, D-Penn.,
and Fred Upton, R-Mich., in the House following the association’s continuous
call for further guidance on the PPP loan forgiveness process. The legislation,
introduced Friday with 19 bipartisan cosponsors, is aimed at assisting America’s
smallest businesses as they recover from the current economic crisis.
How
CUs can better support business members
Did you know 21 percent of
consumer debit cards in the U.S. are used for business spending? In a webinar
tomorrow, Mastercard will explore small business trends, including the impact
of the coronavirus pandemic, and how credit unions can better serve business members.
Advocate
for CU success—even from home
NAFCU Virtual Congressional
Caucus
Help Congress understand why and how it needs to act for CUs
New-home
sales rise in June; Housing market to play critical role in supporting economy
New-home sales rose to 776,000 units in June, up 13.6 percent from May's
revised rate of 682,000 annualized units and 6.9 percent from a year ago. NAFCU
Chief Economist and Vice President of Research Curt Long commented on the continued
rise in a new NAFCU Macro Data Flash report.
