Also: Fed to launch FedNow in phases; NCUA issues pandemic-related fraud warning



NAFCU TODAY | The News You Need Daily.

August 7, 2020



----------

----------

NAFCU, trades call for additional clarity on PPP proposal [ [link removed] ]
NAFCU joined with several other financial services trade organizations yesterday to respond to recently proposed legislation, the Continuing Small Business Recovery and Paycheck Protection Act, introduced by Senate Small Business Committee Chairman Marco Rubio, R-Fla., under consideration for the Senate’s Phase 4 relief package. The legislation would make changes to the Small Business Administration’s (SBA) paycheck protection program, including an expansion of hold harmless protections for lenders and a simplified forgiveness process for the borrowers.


Fed release new details on FedNow Service [ [link removed] ]
The Federal Reserve yesterday provided an update on its FedNow Service, indicating that the program will be launched in phases. NAFCU remains supportive of the Fed's efforts to create a real-time gross settlement service and has urged the Fed to expedite its creation.


NCUA Risk Alert warns CUs of pandemic related fraud [ [link removed] ]
The NCUA Thursday issued a Risk Alert to inform credit unions about the fraud risks associated with the coronavirus pandemic and outlined red flags associated with common fraud schemes that have arisen since the enactment of the CARES Act.






NAFCU’s Berger to join NCUA Chairman Hood, industry leaders for panel discussion [ [link removed] ]
NAFCU President and CEO Dan Berger is set to join NCUA Chairman Rodney Hood, CUNA Mutual Group President and CEO Robert Trunzo, and a panel of other industry leaders during CUNA Mutual Group’s Discovery 2020 for a discussion on the cooperative and collaborative spirit of credit unions amid the coronavirus pandemic.


5 things to know this week [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know news related to the unemployment landscape, supporting small business members, and more.


New Reg alert details CFPB ECOA, Reg B request for information [ [link removed] ]
Following the CFPB's request for information (RFI) inviting comment on opportunities to develop viable solutions to regulatory compliance challenges, among other things, under the Equal Credit Opportunity Act (ECOA) and Regulation B, NAFCU is seeking member credit unions feedback via a new Regulatory Alert.


This week in compliance: Reg Z basics revisited, FCRA required notice, and more [ [link removed] ]
As credit unions work to meet the needs of their members and communities and restore normal operations, NAFCU's award-winning Regulatory Compliance Team is keeping the industry informed of the latest developments and available resources via the Compliance Blog every Monday, Wednesday, and Friday.



----------



----------






----------
NAFCU Calendar: [link removed]





----------








--------------------------------------------

JOIN THE CONVERSATION:
LINKEDIN: [link removed]
FACEBOOK: [link removed]
TWITTER: [link removed]
YOUTUBE: [link removed]
BLOGS: [link removed] ]
---------------------------------------------
Send feedback [ mailto:[email protected] ]
Subscribe now to NAFCU Today [ [link removed] ]
Opt out of NAFCU Today? [ [link removed] ]
Update your communication preferences [ [link removed] ]
Unsubscribe to ALL of NAFCU's emails. [ [link removed] ]

NAFCU Today? is published weekdays by the National Association of Federal Credit Unions.

3138 10th Street North | Arlington, VA 22201 | email: [email protected] [ mailto:[email protected] ] | phone: (703) 522-4770; (800) 344-5580

?




Powered by Higher Logic [link removed]