NAFCU
to NCUA: Capitalization of interest would benefit CU members
NAFCU
Director of Regulatory Affairs Ann Kossachev wrote to the NCUA Monday to offer
support for the agency’s proposed rule on capitalization of interest. The proposal,
issued during the board’s November meeting, would allow for the capitalization
of interest in connection with loan workouts and modifications and would provide
credit unions with the ability to better help their members meet payment obligations on all types of member loans.
NAFCU
doubling down on advocacy efforts, says Berger
"At NAFCU, relationship
building is our strong suit. As we welcome President Joe Biden and Vice President
Kamala Harris to their offices – bringing new policy agendas with them – we
are doubling down on our advocacy efforts to continue to deliver wins for the
credit union industry," wrote NAFCU President and CEO Dan Berger in a new editorial published in CU Today.
New
PPP FAQs address BSA/AML compliance
The Small Business Administration
(SBA) and Treasury Department have released new paycheck protection program (PPP)
FAQs to address questions related to Bank Secrecy Act (BSA)/anti-money laundering (AML) requirements.
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.
Fed
survey: Lending standards expected to ease in 2021
The Federal Reserve's
fourth-quarter senior loan officer opinion survey (SLOOS) revealed that banks
expect to ease lending standards this year, following a year-long trend of tightening
due to the economic effects of the coronavirus pandemic.
