Ahead
of more EIPs, NAFCU reiterates need for garnishment protection
Following
Senate passage over the weekend, the House today is poised to pass the next round
of coronavirus relief and send the legislation – the American Rescue Plan Act
– to President Joe Biden. As the package includes another round of economic
impact payments (EIPs), NAFCU again joined with several other financial institution
and consumer groups calling on Congress to protect the EIPs from garnishment.
NAFCU
shares CU perspective as House small biz committee examines PPP
Ahead
of a House Small Business Committee hearing to examine the Small Business Administration's
(SBA) paycheck protection program (PPP), NAFCU's Brad Thaler outlined the
ways credit unions have helped their communities through the program and offered
recommendations to ensure maximum efficiency.
CFPB
issues rule related to discrimination under ECOA, Reg B
The CFPB Tuesday
issued an interpretive rule clarifying that discrimination based on sexual orientation
or gender identity is prohibited under the Equal Credit Opportunity Act (ECOA) and Regulation B.
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NAFCU
Reg Committee discuss CFPB, PPP, fintech
NAFCU's Regulatory Committee
met Tuesday and discussed a number of proposed rulemakings currently open for
comment from the CFPB and the pending nomination of Rohit Chopra for CFPB Director.
NAFCU also provided an overview of recent developments related to the paycheck
protection program (PPP), fintech, and climate risk.
