NAFCU
shares recommendations related to supervisory guidance with NCUA, CFPB
In response to the NCUA and CFPB's notices of proposed rulemaking on the
role of supervisory guidance, NAFCU Wednesday shared its support of the agencies'
commitment to working with other federal banking regulators and clarification
of ambiguities stemming from a previous statement.
NDAA
update: Senate moves forward on override vote
Senate leader Mitch McConnell,
R-Ky., Wednesday filed cloture on consideration of a measure to override President
Donald Trump's veto of the fiscal year 2021 National Defense Authorization
Act (NDAA). The chamber is expected to resume consideration of the measure, which
was passed in the House earlier this week, today.
Top
5 compliance issues of 2020: Forbearances, stimulus payments, more
As credit unions work to meet the needs of more than 123 million Americans during
the coronavirus pandemic, our award-winning Regulatory Compliance Team works daily
to offer compliance assistance and services to keep credit unions informed of
the ever-changing regulatory environment. This year, the team answered numerous
member questions, while authoring blog posts, articles, charts, guides and tools
to ensure that NAFCU member credit unions stayed up to date.
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.
One
week left to save on NAFCU's online training subscriptions and 2021 conferences
Credit unions are encouraged to take advantage of holiday savings on NAFCU’s
Online Training Center subscriptions and hybrid 2021 conference lineup through
Jan. 8, 2021. Here’s a breakdown of the savings and promo codes to apply at checkout.
ECU
Monitor: Capital flexibility, additional guidance revealed as top CU Phase 4 relief priorities
The December edition of NAFCU's Economic & CU Monitor report – now
available for download – found that 85 percent of credit union respondents
ranked additional capital flexibility to account for unexpected share growth as
a “high priority” for additional coronavirus relief and 64 percent of respondents
indicated that they remain at least somewhat concerned about their credit union growing faster than expected in 2021.
NAFCU
closed Friday for New Year’s Day
NAFCU's offices will be closed
tomorrow in observance of New Year’s Day but credit unions can still access
the association's website for resources and upcoming events. Of note, NAFCU
recently released a new resource summarizing key relief provisions for credit
unions that are included in the Phase 4 coronavirus relief package, which was
signed by President Donald Trump on Sunday.
