Also: SBC Chairman Crapo offers emergency lending HEALS Act provisions; NCUA Board nominee advances to full Senate



NAFCU TODAY | The News You Need Daily.

August 6, 2020



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NAFCU-sought bill to improve CU governance policies, protect members introduced [ [link removed] ]
House Financial Services Committee members Tom Emmer, R-Minn., and Ed Perlmutter, D-Colo., have introduced a NAFCU-sought, bipartisan bill that would improve existing language in the Federal Credit Union (FCU) Act related to expulsion in order to protect credit unions, members, and employees.


Crapo proposes HEALS Act amendment with NAFCU-sought provisions [ [link removed] ]
Senate Banking Committee Chairman Mike Crapo, R-Idaho, has offered an amendment to the Senate’s Phase 4 package – the Health; Economic Assistance; Liability Protection; and Schools (HEALS) Act – which would include additional flexibility allowing the Treasury Department and Federal Reserve to take risks in emergency lending to keep the economy stable. In addition, the amendment includes a NAFCU-sought extension of relief for the NCUA’s Central Liquidity Facility (CLF) and Troubled Debt Restructurings (TDRs) through the end of 2021.


NCUA nominee advanced to full Senate [ [link removed] ]
The Senate Banking Committee Wednesday advanced Kyle Hauptman's nomination to the NCUA Board - by voice vote - to the full Senate for consideration. Hauptman was nominated by President Donald Trump in June to replace NCUA Board Member J. Mark McWatters, whose term expired in August 2019.






NAFCU opposes postal banking, shares support of CDFI, CDRLF funding with Senate leadership  [ [link removed] ]
NAFCU's Brad Thaler yesterday wrote to Senate Majority Leader Mitch McConnell, R-Ky., and Senate Minority Leader Chuck Schumer, D-N.Y., to share credit union priorities regarding a fiscal year 2021 spending package that previously passed the House.


NAFCU’s Roadshow webinar series reached 1000s, facilitated coast-to-coast CU collaboration [ [link removed] ]
NAFCU’s mission of providing extreme member service has remained a top priority amid the coronavirus pandemic and the association has remained in close contact with credit unions by seeking ways to keep the industry informed of the latest information and challenges impacting operations. Last week, the association wrapped up its complimentary Virtual Roadshow webinar series which featured events covering all 50 states and U.S. territories where credit unions operate.


Data security, TCPA, more on agenda as Reg School sessions conclude today [ [link removed] ]
NAFCU's Virtual Regulatory Compliance School sessions conclude today with presentations focused on a range of topics, including information and data security, vendor management, and the Telephone Consumer Protection Act (TCPA). In addition, those working to earn the prestigious NAFCU Certified Compliance Officer (NCCO) designation will have opportunities to study for and take the fourth and final exam.



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