Also: Access NAFCU Networks to get inspired, connect on hot topics; SBA loan programs provided $750B in 2020
NAFCU TODAY | The News You Need Daily.
October 29, 2020
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NCUA Board approves interagency supervisory rule to increase transparency, consistency [ [link removed] ]
The NCUA Board Wednesday approved a proposed interagency rule clarifying that agency guidance "does not have the force of law" and does not create legally binding obligations for financial institutions. The rule was informally issued earlier this month by the federal financial regulators.
NAFCU Networks here to connect, inspire CU professionals [ [link removed] ]
Did you know NAFCU offers exclusive online communities – covering seven professional fields – at no additional cost to members? If you and your credit union are looking for ways to tackle problems, innovate, and develop stronger business strategies, the NAFCU Networks are the resources you need.
SBA FY20 loan data reveals 'historic' $750B in loans [ [link removed] ]
The Small Business Administration (SBA) Wednesday released its fiscal year 2020 summary loan data, revealing the agency helped to facilitate nearly 9 million loans totaling $750 billion. The paycheck protection program (PPP), enacted under the CARES Act earlier this year, provided more than 5 million loans.
NAFCU's LaBerge urges need for national data privacy, security standard in new podcast [ [link removed] ]
NAFCU Senior Regulatory Counsel Elizabeth LaBerge appeared on the Association for Data and Cyber Governance's U.S. National Privacy Legislation podcast and discussed NAFCU's involvement in both state and privacy legislative initiatives, as well as the association's role in the formation of an informal alliance of financial trade associations that meet and share information on this topic biweekly.
Reg Alert details CFPB ANPR on consumer access to financial records [ [link removed] ]
In a new Regulatory Alert, NAFCU details the CFPB's recent advance notice of proposed rulemaking (ANPR) gathering input on how it should implement section 1033 of the Dodd-Frank Act. Section 1033 provides for consumer rights to access financial records.
Today's Compliance Seminar features data security, privacy trends [ [link removed] ]
Today's Virtual Regulatory Compliance Seminar opens with general sessions focused on data security and privacy trends, as well as best practices to build a culture of compliance throughout the entire credit union.
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