Also: CUs detail experience with coin circulation in new ECU Monitor; Demangone touts new NAFCU network to fortify cyber defenses



NAFCU TODAY | The News You Need Daily.

August 27, 2020



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FHFA extends GSE loan forbearance policy through Sept. 30 [ [link removed] ]
The Federal Housing Finance Agency (FHFA) Wednesday announced an extension of its temporary policy allowing the government-sponsored enterprises (GSEs) to purchase certain single-family mortgage loans in forbearance. The policy, originally set to expire Monday, has been extended for loans originated through Sept. 30, 2020.


ECU Monitor details effects of coin disruption on CUs [ [link removed] ]
The August edition of NAFCU's Economic & CU Monitor report – now available for download – found most credit unions have enough coins on hand despite recent issues with coin circulation; however, those who felt otherwise noted that orders in the last month had been reduced significantly.


NAFCU's Demangone on CUbroadcast: New NAFCU network helps fortify CUs' cyber defenses [ [link removed] ]
In a new episode of CUbroadcast, NAFCU Executive Vice President and COO Anthony Demangone shared why the association's newly launched Cybersecurity & IT Network has received strong interest from credit unions.






CUs encouraged to prepare as Hurricane Laura approaches [ [link removed] ]
As Hurricane Laura intensified in the Gulf of Mexico, the NCUA urged credit unions in its path to be safe and take precautions. The hurricane is expected to make landfall near the Louisiana-Texas border, and have inland flood impacts as far north and east as Arkansas and the Ohio and Tennessee valleys.


NAFCU highlights CFPB's seasoned QM proposal in new Reg Alert [ [link removed] ]
NAFCU sent members a Regulatory Alert Wednesday to break down the CFPBs proposed rulemaking – issued last week – that would create a new category of seasoned qualified mortgages (QM) under the Truth in Lending Act (TILA).


Get insights into small biz export financing today [ [link removed] ]
As part of NAFCU's new partnership with the Export-Import Bank (EXIM), the association today is offering a webinar to explore opportunities for credit unions to support their small business members through the agency's loan programs.



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