This
week: NAFCU monitoring PPP movement on Capitol Hill, SCOTUS vote
Members
of the House are expected to remain in their home districts this week as the Senate
prepares for a vote on Judge Amy Coney Barrett's nomination to the Supreme
Court. Following a week of hearings, the Senate Judiciary Committee formally set
a panel vote for this Thursday, which would set up a full Senate vote next week.
NAFCU
again urges national data security standard after recent breaches
There
were several reports last week of data breaches: Fintech company Robinhood announced
that almost 2,000 market accounts were compromised, Dickey's Barbecue had
information of more than 3 million cards stolen, and Barnes & Noble suffered
a breach that exposed some personal information of customers. As a leader in calling
for national data security standards, NAFCU sent a letter to Congress urging action
to ensure consumers' information is properly protected in light of these breaches.
NAFCU
updates PPP FAQs to reflect latest SBA guidance, new simplified forgiveness application
Following the Small Business Administration’s (SBA) release of a simplified
forgiveness application for paycheck protection program (PPP) loans under $50,000
and subsequent clarifying updates, NAFCU has updated its PPP FAQs to include
new questions that reflect the new application form.
NAFCU's Virtual Regulatory Compliance
Seminar: Only a few days left to register
Attend NAFCU's Virtual
Regulatory Compliance Seminar to gain a comprehensive understanding of compliance
hot topics, regulatory trends, and proposed regulations.
Retail
sales recovery depends on relief negotiations, says NAFCU
Retail sales
rose 1.9 percent in September, following an unrevised 0.6 percent rise in August
and a 1.1 percent increase in July. NAFCU's Curt Long stated that this rise
comes as a surprise, and reflects 5.4 percent growth when compared to last year.
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