NAFCU to NCUA: Allow CUs to capitalize interest on certain loans
NAFCU Board of Directors Chair Debra Schwartz and NAFCU's Regulatory Committee Tuesday called on the NCUA to "act quickly to issue an interim final rule [IFR] permitting credit unions to capitalize interest" when it comes to troubled debt restructurings (TDRs) and loan modifications. Schwartz and the committee noted that credit unions are working to assist borrowers affected by the coronavirus pandemic, and are likely to see an increase in loan modifications and TDRs as borrowers exit forbearance or payment deferral programs.

NAFCU fights to protect CUs from unregulated companies
Following Acting Comptroller of the Currency Brian Brooks' response to NAFCU and other financial services industry trades indicating that the Office of the Comptroller of the Currency (OCC) would move forward with its narrow-purpose payments charter "in a manner that is transparent, deliberate measured, and consistent with the laws and regulations governing the federal banking system," Politico reported that the OCC was ready to start accepting charter applications as soon as yesterday.

CDC bans evictions through end of year
As federal housing agencies have extended moratoriums on foreclosures and evictions through the end of the year following an executive order from the president last month, the Centers for Disease Control and Prevention (CDC) issued an order under the Public Health Service Act to halt residential evictions through Dec. 31, 2020, to help prevent the spread of COVID-19.

Watch Sec. Condoleezza Rice keynote Virtual Congressional Caucus
Then provide insights to Congress on how to help CUs grow.
Keynote presentation with support by Allied Solutions

Berger outlines leadership strategies, keys to NAFCU's growth in exclusive interview
In an exclusive interview with Adam Mendler, an expert in thought leadership and strategy development and CEO of The Veloz Group, NAFCU President and CEO Dan Berger discussed his experience as one of Washington's most influential advocates, strategies for successful leadership, and how he led NAFCU to record membership growth. 

BSA Blast details CIP basics, recent FinCEN hemp guidance
A new edition of NAFCU's BSA Blast – in its user-friendly digital format with direct links to each section – is now available on the association's website. The August issue features a refresher on the customer identification program (CIP), including an overview of the basic requirements and access to more in-depth resources.

NAFCU Journal highlights new NAFCU Board chair, investing in a crisis, more
The September-October edition of The NAFCU Journal is now available online and includes an in-depth feature on NAFCU's new Board of Directors Chair Debra Schwartz and her strategies for leading a successful credit union. Also included in the new edition are articles to help credit unions strengthen succession planning and investments to support the industry's rapidly changing environment amid the coronavirus pandemic.

CUAC set to discuss opportunities for CFPB improvements
The CFPB's Credit Union Advisory Council (CUAC) is set to meet Sept. 15 alongside the bureau's other advisory councils for a listening session with members of the bureau's Taskforce on Consumer Financial Law. In June, NAFCU offered several recommendations to the taskforce to reduce regulatory burdens and improve consumer access.