This
week: NAFCU preps post-election strategy
NAFCU's award-winning
advocacy team is readying its post-election analysis and strategy ahead of tomorrow's
election to ensure newly-elected members are informed of credit unions' priorities.
There are no committee hearings or votes scheduled in the House and Senate this
week; the chambers are set to return to session next week.
NAFCU
summarizes expiring reg relief in new resource
Amid the coronavirus
pandemic, credit unions across the country have stepped up to meet the needs of
more than 121 million Americans. As part of the NAFCU's ongoing commitment
to help credit unions navigate the changing regulatory and legislative environments,
the association has released a new resource outlining the expiration dates of
several pandemic-related relief measures.
CFPB
finalizes rule on debt collection
The CFPB Friday issued a final rulemaking
related to debt collection, which heeded several concerns NAFCU had flagged for
the bureau in its comments on the proposal. Of note, the rule limits the definition
of a "debt collector" under the Fair Debt Collection Practices Act (FDCPA)
to third-party debt collectors and does not encompass first-party collectors or creditors.
Advance
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NAFCU's Virtual
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Fed
further expands Main Street Lending Program to support small biz
The
Federal Reserve Friday further adjusted the terms of its Main Street Lending Program
"to better target support to smaller businesses that employ millions of workers
and are facing continued revenue shortfalls due to the pandemic."
NAFCU's
Demangone: New NAFCU network strengthens industry leadership
In a new
episode of CUbroadcast, NAFCU Executive Vice President and COO Anthony Demangone
discussed the association's newly launched CEO Network and the benefits it provides credit union CEOs.
NCUA
to host webinar on PALs, short-term lending Nov. 16
The NCUA will host
an upcoming webinar on payday alternative loans (PALs) and short-term lending
to provide credit unions with valuable advice and an update on the agency’s
commitment to expand the availability of safe and affordable credit to meet the
needs of diverse and underserved communities. In addition, the webinar will serve
as part of the NCUA’s recently announced financial inclusion initiative, Advancing
Communities through Credit, Education, Stability, and Support (ACCESS).
NAFCU
Journal highlights CUs embracing change, NCUA exams, NAFCU Annual Award winners, more
The November-December edition of The NAFCU Journal is now available online and
includes an in-depth feature on how credit union leaders have worked to make use
of lessons learned amid the coronavirus pandemic to move the industry forward.
Also included in the latest edition is a look into virtual NCUA exams and the
work done by credit unions to serve their military members.
NCUA
bans 1 from future work in FIs
The NCUA in October issued one prohibition
notice, prohibiting an individual previously associated with credit unions from
any future participation in the affairs of a federally-insured financial institution.
