Sec.
Rice shares optimism for country in conversation with Berger
NAFCU's
Virtual Congressional Caucus kicked off Monday with a wide-ranging discussion
between 66th U.S. Secretary of State Condoleezza Rice and NAFCU President and
CEO Dan Berger that covered global challenges, the value of credit unions, cybersecurity threats, and more.
Lawmakers
share latest on COVID-19 negotiations, highlight CU role in relief efforts
As lawmakers continue to discuss coronavirus-related relief efforts, NAFCU Caucus
attendees Monday got an inside look at what's happening on Capitol Hill from
Senate Minority Leader Chuck Schumer, D-N.Y., Senate Banking Committee Chairman
Mike Crapo, R-Idaho, and Ranking Member Sherrod Brown, D-Ohio. While addressing
attendees, all three senators noted the important work credit unions have done
in serving members and aiding their communities.
CFPB,
SBA, FinCEN give updates at Caucus
Attendees of NAFCU's Virtual
Congressional Caucus Monday got updates directly from key regulatory officials,
including Small Business Administration (SBA) Administrator Jovita Carranza, CFPB
Director Kathy Kraninger, and Financial Crimes Enforcement Network (FinCEN) Deputy
Director Michael Mosier. Here's a look at the issues they covered.
NAFCU's Credit
Union Compliance Roadmap is now available!
NAFCU's Credit Union
Compliance GPS is now the Credit Union Compliance Roadmap. Download a sneak peek
today!
Housing
regulators detail efforts to provide clarity, stability amid coronavirus pandemic
During NAFCU's Congressional Caucus yesterday, both Federal Housing Finance
Agency (FHFA) Director Mark Calabria and Department of Housing and Urban Development
(HUD) Deputy Secretary Brian Montgomery offered insights into lessons learned
from the housing crisis of 2008, steps taken to provide relief amid the coronavirus
pandemic, and how they plan to ensure clarity and stability in the housing market moving forward.
Sabato,
Hood, Waters featured today at Caucus
NAFCU's annual Congressional
Caucus kicked off yesterday with thought-provoking remarks and important industry
updates from CFPB Director Kathy Kraninger, Small Business Administration (SBA)
Administrator Jovita Carranza, Federal Finance Housing Agency (FHFA) Director
Mark Calabria, and several members of Congress – including Senate Banking Chairman
Mike Crapo, R-Idaho, Sen. Sherrod Brown, D-Ohio, and Senate Minority Leader Chuck Schumer, D-N.Y.
Hunt
to policymakers: Coronavirus relief must empower credit unions to serve
To kick off NAFCU's Virtual Congressional Caucus event, the association's
Executive Vice President of Government Affairs and General Counsel Carrie Hunt
penned an editorial in Credit Union Times calling on lawmakers to empower credit
unions in future coronavirus relief legislation.
DOL
issues rule to clarify COVID-19 paid leave provisions
The Department
of Labor (DOL) has issued a temporary rule to address some issues with its implementation
of public health emergency leave under the Family Medical Leave Act (FMLA) and
emergency paid sick leave related to the coronavirus pandemic.
NCUA
opens 2nd round of streamlined CDFI applications
The NCUA has opened
its second streamlined application round for federally-insured, low-income credit
unions to become certified Community Development Financial Institutions (CDFIs)
through Oct. 17. The program guide to apply is available here.
NAFCU
honors 2020 Annual Award winners
Winners of NAFCU's 2020 Annual
Awards were honored yesterday during the association's virtual Congressional
Caucus. Eight winners – selected by a panel of credit union peers – were recognized
for excellence and achievement in the industry.
