House
overrides NDAA veto, votes to increase stimulus check amounts
Following
President Donald Trump's veto of the fiscal year 2021 National Defense Authorization
Act (NDAA) last week, the House Monday, via a 322-87 vote, passed a measure to
override the veto. The Senate is also expected to vote on overriding the veto
as soon as today. Ahead of the vote, NAFCU Vice President of Legislative Affairs
Brad Thaler wrote to congressional leadership to urge them to support the veto override.
NAFCU
secures meetings, keeps CU priorities in front of decision makers in 2020
Despite challenges posed by the coronavirus pandemic, NAFCU – as the credit
union industry's leading federal advocate – kept in close contact with
key decision makers in Washington throughout 2020 to ensure credit unions'
voices were heard and priorities were addressed at the highest levels of government.
FHFA
releases RFI on appraisal-related policies, practices, and processes
The Federal Housing Finance Agency (FHFA) Monday released a request for information
(RFI) reviewing its appraisal-related policies, practices, and processes. The
agency indicated that it will use the comments to determine the necessary modifications
needed to ensure the government-sponsored enterprises (GSEs), Fannie Mae and Freddie
Mac, operate in a safe and sound manner.
Save up to $300 on NAFCU conferences and online training!
'Tis the season to save! Act now to get up to $300 off most 2021 NAFCU conferences
and online training subscriptions! Sale ends 1/8/21.
NAFCU
summarizes phase 4 relief provisions, expiring regs in new resources
Following President Donald Trump's signing of the phase 4 coronavirus relief
and FY2021 federal government omnibus measure Sunday night, NAFCU has released
a new resource summarizing key relief provisions for credit unions available online.
In addition, the association has updated its chart outlining the expiration dates
of several pandemic-related relief measures, many of which have been extended into next year.
FinCEN
issues notice on coronavirus vaccine-related fraud
The Financial Crimes
Enforcement Network (FinCEN) Monday alerted financial institutions about the potential
for fraud, ransomware attacks, and similar types of criminal activity related
to coronavirus vaccine distribution. The agency also provided specific instructions
for filing suspicious activity reports (SARs).
New
on the Compliance Blog: CFPB advisory opinion program and finalized QM rules
As credit unions work to meet the needs of more than 123 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.
