NCUA
Board reviews SIF status, ways to manage fund
As the NCUA Board Thursday
received a quarterly briefing on the National Credit Union Share Insurance Fund
(NCUSIF), Chairman Todd Harper said the fund is the agency's top priority
for 2021 as it works to ensure it can withstand fallout from the COVID-19 recession,
and again indicated that a premium may be assessed this year.
5 things to know this week
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source
for the latest on issues impacting the credit union industry. For those short
on time, here's a roundup of this week's top need-to-know news, including
a potential settlement in Wells Fargo and USAA's RDC lawsuits, an upcoming
NCUA webinar related to income tax programs, insights from a new survey on late-payments, and more.
This
week on the Compliance Blog: CFPB priorities, change in terms notices
As credit unions work to meet the needs of more than 123 million Americans during
the coronavirus pandemic, NAFCU's award-winning Regulatory Compliance Team
continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
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Senate
committee tackles coronavirus response
NAFCU staff Thursday monitored
a Senate Banking Committee hearing examining the response to the coronavirus pandemic
and discussing relief needed to address ongoing circumstances. Much of the hearing's
discussion focused on the prospects of supplying additional aid to individuals,
including housing assistance, economic impact payments (EIP) and enhanced unemployment.
Witnesses also noted the prevalence of predatory lending amid the pandemic.
