Also: NAFCU, 100+ trades urge Congress to simplify PPP forgiveness; Key updates from Washington to know
NAFCU TODAY | The News You Need Daily.
November 20, 2020
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NCUA issues NAFCU-sought proposal allowing capitalization of interest [ [link removed] ]
The NCUA Board Thursday unanimously approved the publication of a proposed rule to allow the capitalization of interest in connection with loan workouts and modifications. NAFCU has consistently called on the NCUA to make this change and provide credit unions with much needed relief – during the pandemic and beyond – to help their members meet payment obligations on all types of member loans. It was the first association to do so in March.
NAFCU, 100+ trades to Congress: Simplified PPP forgiveness would support economy [ [link removed] ]
NAFCU joined with more than 100 trade groups – representing financial services, small businesses, and other key industries – in a letter Thursday urging congressional leaders to "immediately address the overburdensome Paycheck Protection Program (PPP) forgiveness process before the end of the year."
5 things to know this week [ [link removed] ]
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know news related to the National Defense Authorization Act (NDAA), nomination developments, government funding, and more.
NAFCU, trades meet with FCC on call blocking, TCPA exemptions [ [link removed] ]
NAFCU and several financial trade organizations met with the Federal Communications Commission (FCC) Consumer and Government Affairs Bureau Thursday to discuss erroneous call blocking under the TRACED Act, which is intended to target illegal robocalls, in addition to the FCC's notice of proposed rulemaking (NPRM) seeking comment on various exemptions that have been issued under the Telephone Consumer Protection Act (TCPA).
This week on the Compliance Blog: Supervisory guidance, BSA/AML initiatives, CCPA [ [link removed] ]
As credit unions work to meet the needs of more than 122 million Americans during the coronavirus pandemic, NAFCU's award-winning Regulatory Compliance Team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
Existing-home sales rise for 5th consecutive month [ [link removed] ]
Existing-home sales rose 4.3 percent in October to a seasonally-adjusted rate of 6.85 million units, representing a 26.6 percent increase in sales versus a year ago. In a new Macro Data Flash report, NAFCU's Curt Long notes that this is the fifth straight month that existing-home sales have risen since bottoming out in May, and the highest level reached since February 2006.
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