This
week: NAFCU engaged as relief negotiations continue, NCUA Board meets
NAFCU's award-winning government affairs team will monitor movement on Capitol
Hill and engage with lawmakers as relief negotiations continue. To join NAFCU
in its advocacy, credit unions can access the association's resource page
and Grassroots Advocacy Center to build relationships and advocate on behalf of the industry.
Litigation
updates on HUD's disparate impact, CFPB's HMDA rule
As NAFCU
continues to monitor the litigation landscape for issues that could impact credit
unions' operating environment, there are two recent updates related to the
Department of Housing and Urban Development's (HUD) disparate impact rule
and the CFPB's rule to increase reporting thresholds under the Home Mortgage Disclosure Act (HMDA).
NAFCU
to NCUA: Overdraft proposal provides CUs flexibility to meet members' needs
As the NCUA considers a proposed rule to remove the 45-day limit in its requirements
for an overdraft policy in the agency's lending rule, NAFCU's Elizabeth
LaBerge offered the association's support for "replac[ing] this timeframe
with a credit union-determined timeline that is reasonable and consistently applied
as this will provide credit unions with appropriate flexibility to assist their members."
Last
Chance to Register: NAFCU's Virtual Strategic Growth Conference
Gain
insights and best practices for pushing your CU growth forward during the recession.
Conference starts tomorrow. Register now!
Consistent
processing of PPP loans is necessary, NAFCU tells SBA
NAFCU Senior
Regulatory Affairs Counsel Kaley Schafer wrote to the Small Business Administration
(SBA) Friday – in response to the agency's interim final rules (IFRs) regarding
first draw and second draw paycheck protection program (PPP) loans – calling
for additional guidance for credit unions as they begin to process applications and address tax implications.
