Also: New NAFCU report looks at economy, consumer trends; CFPB outlines process for ending consent orders early
NAFCU TODAY | The News You Need Daily.
October 7, 2020
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Trump puts relief negotiations on hold until after election [ [link removed] ]
According to news reports, President Donald Trump has told administration officials to stop working with House Speaker Nancy Pelosi, D-Calif., on another potential coronavirus relief package until after the election. Pelosi and Treasury Secretary Steven Mnuchin have been in negotiations for several weeks but have been unable to reach an agreement.
September ECU Monitor details latest issues affecting CUs, economic outlook [ [link removed] ]
The September issue of NAFCU's Economic & CU Monitor report – now available for download – dives into the latest issues affecting credit unions and features insights from the association's research team on the economic outlook for the remainder of this year.
CFPB outlines process for early termination of consent orders [ [link removed] ]
The CFPB has issued a policy statement outlining the early termination process for entities subject to a consent order, as well as the standards the bureau will use to evaluate applications for early termination. Of note, this policy does not apply to individuals or settlement agreements.
NCUA to host webinar on MDIs, financial inclusion Oct. 21 [ [link removed] ]
The NCUA will host a webinar on financial inclusion and minority depository institutions (MDIs) Oct. 21 featuring staff from NCUA's Office of Consumer Financial Protection and Office of Credit Union Resources and Expansion. The webinar will tackle how credit unions, specifically MDIs, can provide financial products and services to help bring underserved communities into the "financial mainstream.
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