This
week: Following NDAA passage, NAFCU welcomes new Congress with key CU priorities
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
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
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.
FINAL WEEK:
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Nominations
for FinCEN’s BSAAG are open
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
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
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
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.
