Also: NAFCU launches key priorities to support CUs in 2021; SBA extends EIDL application deadline



NAFCU TODAY | The News You Need Daily.

January 4, 2021



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This week: Following NDAA passage, NAFCU welcomes new Congress with key CU priorities [ [link removed] ]
Following Senate-passage of a measure to override President Donald Trump's veto of the National Defense Authorization Act (NDAA), NAFCU is gearing up to welcome the 117th Congress and has launched its 2021 legislative and regulatory priorities, five key issues that will guide the association's advocacy efforts this year.


NAFCU preps bold advocacy agenda for 2021 [ [link removed] ]
As the 117th Congress gets underway and the Biden administration prepares to transition into the White House, NAFCU has launched its 2021 legislative and regulatory priorities to achieve an operating environment in which credit unions – and their 123 million members – can thrive.


SBA extends EIDL application deadline through 2021 [ [link removed] ]
The Small Business Administration (SBA) last week extended the deadline to apply for the Economic Injury Disaster Loan (EIDL) program through Dec. 31. The deadline was extended under the recently enacted Phase 4 coronavirus relief and FY2021 federal government omnibus bill.






Nominations for FinCEN’s BSAAG are open [ [link removed] ]
The Financial Crimes Enforcement Network (FinCEN) is inviting nominations for membership on its Bank Secrecy Act Advisory Group (BSAAG). Membership is open to financial institutions subject to the Bank Secrecy Act (BSA), trade groups with members that are subject to BSA, and federal and non-federal regulators and law enforcement agencies that are located within the U.S.


FCC issues order codifying TCPA exemptions [ [link removed] ]
The Federal Communications Commission (FCC) last week issued an order codifying exemptions to the Telephone Consumer Protection Act. NAFCU has previously shared recommendations on the exemptions in meetings with staff in the offices of several Commissioners.


Updated digital Vendor Directory links CUs with top-tier service providers [ [link removed] ]
Efficient and cost-effective operations are critical in today's environment as credit unions and their 123 million members work to overcome the challenges of the coronavirus pandemic and plan for future growth. Credit unions looking to partner with the best service providers in the industry should look no further than NAFCU's 2021 Vendor Directory.


NCUA issues 2 prohibition notices in December [ [link removed] ]
The NCUA in December issued two prohibition notices, prohibiting individuals previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution.



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