Also: RBC, net worth, more on NCUA agenda; NAFCU calls on FHFA to consider impact on borrowers in GSE rule



NAFCU TODAY | The News You Need Daily.

January 8, 2021



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SBA prepares to relaunch PPP; FI regulators to host webinar Jan. 11 [ [link removed] ]
Following enactment of Phase 4 coronavirus relief provisions last week, the Small Business Administration (SBA) has released two new interim final rules (IFRs) to address changes to the paycheck protection program (PPP) made by the Economic Aid Act, as well as guidance for providing minority-, underserved-, veteran- and women-owned businesses with access to capital through the program.


Risk-based capital, net worth, more on NCUA Board agenda next week [ [link removed] ]
The NCUA Board has a full agenda for its meeting next week, including a final rule related to corporate credit unions and proposed rules to address the risk-based net worth complex threshold and credit union service organizations (CUSOs).


NAFCU urges FHFA to consider low-, moderate-income borrowers in GSE approval rulemaking [ [link removed] ]
In response to the Federal Housing Finance Agency's (FHFA) proposed rule that would require the government-sponsored enterprises (GSEs) – Fannie Mae and Freddie Mac – to obtain prior approval on new products and activities, NAFCU urged the agency to consider the potential impacts on access to credit for low- and moderate-income borrowers during its review.






This week on the Compliance Blog: EIPs, NCUA exams, CFPB consent order [ [link removed] ]
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.


NAFCU breaks down NCUA's rules on OTR methodology, fees paid by CUs [ [link removed] ]
NAFCU sent Final Regulation summaries of the NCUA's overhead transfer rate (OTR) and operating fee methodologies and annual operating fees to member credit unions Thursday, outlining their impacts on credit unions.


Vehicle sales jump slightly in December; NAFCU expects levels to remain flat into the summer [ [link removed] ]
Total vehicle sales grew in December, jumping from 15.6 million annualized units to 16.3 million during the month and representing a 3.2 percent increase in sales levels versus last year. NAFCU Chief Economist and Vice President of Research Curt Long noted that strong light truck and SUV sales have "carried the vehicle market as auto sales are still down 16.8 percent compared to this time last year."



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