Also: CUs, NAFCU meet with Sen. Toomey on PPP, MBL; Trades flag issues with PPP loan necessity questionnaires
NAFCU TODAY | The News You Need Daily.
November 18, 2020
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NAFCU talks CU priorities with Biden-Harris transition team [ [link removed] ]
As President-elect Joe Biden and Vice President-elect Kamala Harris prepare to take office in January, leaders of NAFCU's award-winning advocacy team discussed credit union priorities with members of the Biden-Harris transition team.
NAFCU, PA CUs meet with Sen. Toomey [ [link removed] ]
Senior members of NAFCU's award-winning advocacy team Tuesday were joined by a group of member credit unions from Pennsylvania for a teleconference meeting with Senate Banking Committee Member Pat Toomey, R-Pa. While Toomey has announced that he will not be seeking re-election in 2022, it has been reported that he is likely to be named the next chair of the committee should Republicans keep control of the chamber for the 117th congressional session.
NAFCU, trades flag issues with PPP loan necessity questionnaires [ [link removed] ]
NAFCU joined with dozens of trade groups Tuesday to caution the Small Business Administration (SBA), Treasury Department, and lawmakers on the burdens "loan necessity" questionnaires could have on paycheck protection program (PPP) lenders and borrowers.
Hood provides insights into NCUA's CECL, DEI efforts [ [link removed] ]
NCUA Chairman Rodney Hood Tuesday spoke during the Women in Housing and Finance's public policy event and provided updates on several initiatives under way at the agency, as well as key risks credit unions should keep top of mind. NAFCU Senior Regulatory Compliance Counsel Jennifer Aguilar, Senior Regulatory Counsel Elizabeth LaBerge, and Regulatory Compliance Counsel Loran Jackson attended the virtual event.
NAFCU to SBA: PPP forgiveness process needs improvements [ [link removed] ]
NAFCU's Kaley Schafer, in a letter to the Small Business Administration (SBA) Tuesday, recommended ways the paycheck protection program (PPP) loan forgiveness process could be improved and urged the SBA to provide lenders and borrowers' a longer period to respond to PPP loan review requests.
NAFCU updates fee calculator after NCUA outlines 2021 OTR [ [link removed] ]
Following the NCUA's release last week of its proposed 2021 and 2022 budgets, NAFCU has updated its online calculator to help member credit unions calculate and compare the respective dollar amounts for annual operating fees.
Risk mitigation focus of Risk Seminar's Day 2 [ [link removed] ]
NAFCU's Virtual Risk Management Seminar kicks off today with a session on business continuity planning and the lessons learned amid the coronavirus pandemic to help credit unions implement plans moving forward. In addition, attendees will discuss considerations and potential actions to take during the record levels of deposit growth experienced in 2020.
Retail sales slow in October; NAFCU expects activity to remain 'fairly' steady [ [link removed] ]
Total retail sales slowed in October, rising 0.3 percent following a 1.6 percent increase the previous month. Of note, the outsized September gains were revised down 0.3 percentage points.
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