Also: Berger joins call with SBA, econ advisors on small biz lending; New NAFCU resource breaks down BSA/AML changes



NAFCU TODAY | The News You Need Daily.

January 25, 2021



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This week: NAFCU touts CU difference to Congress [ [link removed] ]
NAFCU's award-winning advocacy team continues to be engaged on Capitol Hill as lawmakers and the Biden administration begin working on priorities and additional coronavirus relief. NAFCU President and CEO Dan Berger last week sent a letter to President Joe Biden highlighting the credit union difference and industry priorities, and the association followed up with a message to Congress to ensure new and returning lawmakers are aware of the industry's mission.


Berger joins call with Biden administration focused on small biz lending [ [link removed] ]
NAFCU President and CEO Dan Berger joined an invite-only call Friday with representatives from the National Economic Council (NEC), Small Business Administration (SBA) and other stakeholders focused on expanding SBA loan program access to small businesses most in need of assistance.


NAFCU publishes new resource breaking down key BSA/AML reforms in NDAA [ [link removed] ]
NAFCU is committed to ensuring credit unions have the resources they need to remain informed of the ever-changing legislative and regulatory environment. The association recently released a new resource summarizing the Anti-Money Laundering Act of 2020 and Corporate Transparency Act provisions included in the fiscal year 2021 National Defense Authorization Act.






NAFCU issues Final Reg on corporate CUs, details effects of rulemaking [ [link removed] ]
NAFCU Friday sent a new Final Regulation Alert to members breaking down the NCUA's recent rule related to corporate credit unions. The association's Final Regulation Alerts are member-only resources that feature full text and easy to read summaries for final rulemakings affecting credit unions.


Existing-home sales show modest rise in December; NAFCU expects steady sales pace in 2021 [ [link removed] ]
Existing-home sales rose 0.7 percent in December to a seasonally-adjusted rate of 6.76 million units, representing a 22.2 percent increase in sales versus a year ago. In a new Macro Data Flash report, NAFCU's Curt Long notes that existing-home sales in 2020 were at their highest level since the Great Recession.



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