Senate
Republicans release small biz lending proposals, more for Phase 4
Senate
Republicans Monday began rolling out components of their proposed Phase 4 relief
package – the HEALS Act (Health; Economic Assistance; Liability Protection;
and Schools Act) – which includes additional assistance for small businesses
through the Small Business Administration's (SBA) paycheck protection program
(PPP) and 7(a) program, worker and business protections and funding for schools
to reopen, as well as another round of economic impact payments to consumers among other steps.
NAFCU
shares support of providing corporate CUs with greater flexibility
In response to the NCUA's proposal to amend the agency's corporate credit
union rules, NAFCU's Andrew Morris shared the association's general
support of the effort to provide greater flexibility and ease regulatory burden,
and detailed credit union members' feedback on the proposed amendments.
Fed
task force outlines ways to address coin circulation issues
The U.S.
Coin Task Force Friday released a statement outlining issues with coin circulation
and ways consumers can help address the problem. Amid the coronavirus pandemic,
consumers are using physical currency less frequently, which has resulted in fewer coins moving through the supply chain.
Advocate
for CU success—even from home
NAFCU Virtual Congressional
Caucus
Help Congress understand why and how it needs to act for CUs
Senate
committee schedules vote on NCUA nominee
The Senate Banking Committee
is set to vote on the nomination of Kyle Hauptman to the NCUA Board during an
executive session Thursday. Hauptman testified before the committee last week
and outlined his priorities for the board if he were to be confirmed.
Compliance
basics kick off Virtual Reg School
NAFCU's Virtual Regulatory
Compliance School – reimagined in an all new digital format to ensure credit
union compliance professionals have the comprehensive understanding of the regulations
that impact day-to-day operations – kicks off today with sessions focused on
the NCUA, field of membership (FOM) and share insurance.
NAFCU
monitoring FOMC meeting, additional guidance expected
The Federal Open
Market Committee (FOMC) – the Fed's monetary-policy setting arm – begins
its two-day July meeting today. The federal funds target rate range, which is
currently set at 0 percent to 0.25 percent, is expected to be maintained until
the committee is confident that the economy has weathered the economic impact
of the coronavirus pandemic. NAFCU will monitor the meeting for any changes to
the Fed's policy approach and economic expectations.
