NAFCU
Board Chair Schwartz opposes NCUSIF premium in new editorial
As the
NCUA Board considers the impact of the coronavirus pandemic on the National Credit
Union Share Insurance Fund (NCUSIF), Mission Federal Credit Union President and
CEO Debra Schwartz penned an editorial in Credit Union Journal calling for the
NCUA to allow credit unions additional temporary investment authorities rather than assess premiums.
Senate
makes progress to avoid shutdown; House preps vote on revised relief package
The Senate Tuesday invoked cloture on the continuing resolution to extend federal
funding to Dec. 11, setting the chamber up to pass the legislation today. The
president is expected to sign the measure and prevent a federal government shutdown
before funding expires at midnight tonight. In addition, the House could begin
the process as early as today to advance a revised coronavirus relief package.
NAFCU,
trades call for passage of standalone PPP legislation
As Congress continues
negations on a Phase 4 coronavirus relief package, NAFCU Tuesday joined with other
financial services trade organizations to urge Congress to support small businesses
and pass legislation that would continue the paycheck protection program (PPP)
and simplify the forgiveness process for PPP loans. The association has continuously
worked with the Small Business Administration (SBA), Treasury, and Congress to
ensure credit unions' ability to lend effectively through the program and help their small business members.
This
Thursday: NAFCU Q3 Member Webinar
Join NAFCU President and CEO
Dan Berger and the association's award-winning advocacy team as they discuss the
latest on the fiscal year 2021 NDAA, the 2020 presidential election, and more.
NAFCU,
trades urge FCC to protect legitimate callers from erroneously blocked calls
NAFCU, along with a group of financial trade organizations, urged the Federal
Communications Commission (FCC) to establish a real-time notification to alert
callers when their legitimate calls have been blocked or adversely labeled under
the TRACED Act, which is intended to target illegal robocalls.
HFSC
task force tackles legal framework surrounding fintech payments
During
a House Financial Services Committee Financial Technology (Fintech) Task Force hearing
Tuesday, several witnesses expressed concerns over the actions taken by the Office
of the Comptroller of the Currency (OCC) in regard to fintech charters and the
Federal Deposit Insurance Corporation (FDIC) in regard to industrial loan company
(ILC) charters. NAFCU has shared similar concerns, and ahead of the hearing reiterated
the association's call for competitive equality between traditional financial
institutions and fintech companies in a letter to the task force.