GAO
to CFPB: Update FIs' privacy disclosures
The Government Accountability
Office (GAO) found that "the form institutions use to provide privacy notices
to consumers does not give a complete picture of the information collected and
shared" following its review of the personal information financial institutions
collect on consumers and share with other entities, and how these details are disclosed to consumers.
SBA forgives $38B in PPP loans
The Small Business Administration (SBA) has made 367,321 payments to paycheck
protection program (PPP) borrowers, forgiving more than $38 billion in PPP loans
so far. The SBA's newly released data show that 595,144 forgiveness decision
summaries have been submitted by lenders totaling $83.2 billion.
Proposed
rule would address NAFCU-flagged private flood insurance issue
The
Department of Housing and Urban Development (HUD) Monday published a proposed
rulemaking allowing private flood insurance for mortgages insured by the Federal
Housing Agency (FHA). NAFCU previously flagged this issue in a letter sent to
the NCUA in response to the federal financial regulators working to update flood insurance Q&As.
NAFCU's
Virtual Management and Leadership Institute: Only a few seats left
This popular event has sold out the last 3 years!
BSA
Blast details COVID-19 unemployment insurance fraud, FinCEN files
A
new edition of NAFCU's BSA Blast – in its user-friendly digital format
with direct links to each section – is now available on the association's
website. The November issue details a surge in unemployment insurance fraud amid
the coronavirus pandemic, as well as leaked documents related to financial crimes.
Get
ready for NAFCU's Cyber Monday sale
NAFCU's upcoming Cyber
Monday sale – offering price reductions on almost all the association's
2021 conferences – is a great time for credit union professionals to register
for the training and education needed to take your career and institution to the next level.
Mastercard
report reveals a switch to conscious shopping this holiday season
As
the coronavirus pandemic continues to reshape the shopping experience, 55 percent
of Americans still plan to partake in holiday shopping this year, according to
Mastercard’s 2020 Holiday Consumer Sentiment report. The report – issued earlier
this month – notes the emergence of a more "conscious shopper" this holiday season.
CFPB
webinar today to explore serving military members
The CFPB today, along
with the Department of Defense, Veterans Affairs, Federal Trade Commission, Department
of Housing and Urban Development, Federal Housing Finance Agency, and Blue Star
Families, is hosting a webinar to discuss resources available for servicemembers
to ensure financial readiness and protection.
NAFCU
closed Wednesday through Friday for Thanksgiving
NAFCU's offices
will be closed tomorrow, Thursday and Friday in observance of the Thanksgiving
holiday, but members will still have access to the association's website for
resources and upcoming events, including the latest regulatory and legislative developments related to the coronavirus pandemic.
