Also: NCUA's Harper to discuss priorities as chair during webinar; FedNow Service plans 2023 launch



NAFCU TODAY | The News You Need Daily.

February 3, 2021



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NAFCU counters banker attack with facts on CU tax exemption [ [link removed] ]
NAFCU is defending the credit union industry as bank lobbyists continue their attacks on credit unions and the industry's tax-exempt status.


New NCUA chairman hosting webinar on priorities, activities next week [ [link removed] ]
NCUA Chairman Todd Harper, who was named head of the agency last week, is hosting a webinar Feb. 11 to discuss his priorities, the agency's supervisory activities, and recently issued guidance and regulations.


FedNow Service expects 2023 launch [ [link removed] ]
After announcing participants in the FedNow Service's pilot program last week, the Federal Reserve yesterday released updated launch timing, indicating the Fed's real-time payments system will be ready in 2023.






CFPB accepting applications for HMDA tech sprint [ [link removed] ]
The CFPB is now accepting applications for its previously announced tech sprint on Home Mortgage Disclosure Act (HMDA) data reporting. The event, scheduled to be held virtually March 22-26, is aimed at identifying technical improvements that could help facilitate the HMDA data submission process.


New SBA data reveals $72B in PPP loans approved in 2021 [ [link removed] ]
The Small Business Administration (SBA) has approved 891,044 paycheck protection program (PPP) loans, totaling over $72 billion, since the program reopened earlier this year. The SBA's newly released data reveals that, of the total loans issued since reopening, 33,714 have been provided by 729 credit unions with $10 billion or less in assets; the total amount provided by credit unions is nearly $2 billion.


CUs: Explore NAFCU's forward-thinking education opportunities this month [ [link removed] ]
NAFCU has a number of educational opportunities coming up this month for credit union professionals to pursue strategic organizational and professional goals right from their homes or offices. Looking to implement growth strategies and propel through potential economic headwinds? Look no further than NAFCU's Virtual Strategic Growth Conference taking place later this month.



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NAFCU Calendar: [link removed]





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