Also: FOMC members stress need for more COVID-19 support; CFPB has new RESPA FAQs, rescinds bulletin on MSAs
NAFCU TODAY | The News You Need Daily.
October 8, 2020
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CUs: Share feedback on small biz data collection [ [link removed] ]
As the CFPB considers ways to implement small business lending data collection requirements under section 1071 of the Dodd-Frank Act, NAFCU is gathering credit unions' comments on the bureau's recently released outline.
FOMC minutes highlight importance of additional fiscal support [ [link removed] ]
According to NAFCU's Curt Long, minutes from the Federal Open Market Committee's (FOMC) September videoconference meeting reflect a positive outlook on economic progress since the beginning of the coronavirus pandemic. However, members flagged remaining uncertainty about the status of additional relief from Congress, noting that it would "help sustain the recovery in household spending."
CFPB releases FAQs, rescinds bulletin on RESPA [ [link removed] ]
The CFPB Wednesday released new FAQs for the Real Estate Settlement Procedures Act (RESPA) and Regulation X related to gifts, promotional activities, and marketing services agreements (MSAs). In addition, the bureau rescinded a 2015 compliance bulletin related to MSAs.
Start 2021 with virtual education, training events from NAFCU [ [link removed] ]
As credit unions begin planning for 2021, NAFCU is pivoting its first three conferences of the year to fully virtual events to ensure credit union professionals can pursue strategic organizational and professional goals even as uncertainty from the coronavirus pandemic remains.
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NAFCU Calendar: [link removed]
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