This
week: Committee works begin, SBA continues to rollout PPP guidance
Several congressional committees this week are holding organizational meetings
and starting work on key issues, and Congress is looking to move forward with
another coronavirus relief package. NAFCU's advocacy team continues to be
active with lawmakers, staff, and administration officials to secure additional
tools that will allow credit unions to better support members and economic recovery amid the coronavirus pandemic.
NCUA,
Inclusiv offering webinars to help CDFIs with emergency capital program, RRP
This week, Community Development Financial Institution (CDFI)-designated credit
unions can benefit from two industry webinars designed to help CDFIs gain valuable
insight into the Treasury Department's Emergency Capital investment Program
and the CDFI Fund's Rapid Response Program (RRP).
NAFCU
to NCUA: Defer to FCUs, FICUs on mortgage servicing rights rule
NAFCU
Regulatory Affairs Counsel Aminah Moore wrote to the NCUA Friday to offer support
for the agency's proposed rule to remove the current prohibition on federal
credit unions' (FCUs) ability to purchase mortgage servicing rights (MSRs)
from the investment and deposit activities rule and offer credit union insights.
A rule on MSRs was included in the agency's fall rulemaking agenda.
Forward Thinking
Strategies to Help Your CU Thrive, Not Just Survive
Attend NAFCU's
Virtual Strategic Growth Conference to gain insights and best practices for pushing
your CU growth forward.
Reg
Alert details NCUA RBC proposal, potential impacts on CUs
In a new
Regulatory Alert sent Friday, NAFCU detailed the NCUA's recently issued advanced
notice of proposed rulemaking (ANPR) related to risk-based capital (RBC) and its
potential impact on credit unions. The NCUA Board approved the ANPR, in a 2-1
vote, during its January meeting and is currently seeking feedback on simplification
of the rule, scheduled to take effect in 2022.
NCUA
issues 2 prohibition notices in January
The NCUA in January issued
two prohibition notices, prohibiting individuals previously associated with credit
unions from any future participation in the affairs of a federally-insured financial institution.
