NAFCU
pushes for more CU tools to better serve members, address capital, liquidity issues
With another round of economic stimulus and relief provisions being worked on
by Congress, NAFCU is continuing to monitor how these measures will impact credit
unions and their members while maintaining its advocacy to equip credit unions
with the tools and flexibility needed to meet members' needs and remain financially sound.
NAFCU
shares support, clarifying recommendations for NCUA's service facility proposal
In response to the NCUA's proposed rule to modernize the definition of a
"service facility" for multiple common bond (MCB) federal credit unions
(FCUs), NAFCU Senior Regulatory Counsel Elizabeth LaBerge shared the association's
support of the rule and offered clarifying suggestions.
FCC
announces reporting deadlines for reassigned numbers database
The Federal
Communications Commission (FCC) this week released a notice announcing the deadlines
for service providers to start sharing information with the commission's reassigned numbers database.
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SBA
issues update on EIDL reconciliation payments, latest PPP loan data
The Small Business Administration Monday released an update on the status of its
economic injury disaster loan (EIDL) program's reconciliation payments for
any loan with an SBA forgiveness payment that was reduced by the amount of an
EIDL advance. The SBA began remitting payments yesterday, and will continue to do so through Feb. 19.
Moore
provides insights into Treasury's ECIP in new network posts
In
new posts on NAFCU's Compliance and CFO Networks, Regulatory Affairs Counsel
Aminah Moore broke down a recent NCUA webinar on the Treasury Department's
Emergency Capital Investment Program (ECIP). The program was created by the Consolidated
Appropriations Act to help community-based financial institutions support consumers
and small businesses in low-income and underserved communities.
FHFA
again extends moratorium on foreclosures, evictions
The Federal Housing
Finance Agency (FHFA) has again extended its moratorium on foreclosures and evictions
through March 31, 2021. The policy applies to government-sponsored enterprise
(GSE)-backed single-family mortgages and GSE-owned properties.
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