Also: New PPP FAQs, docs to calculate loan amounts issued; Thaler reiterates housing finance priorities ahead of hearing
NAFCU TODAY | The News You Need Daily.
March 16, 2021
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HMDA focus of CU, CFPB meeting [ [link removed] ]
NAFCU-member credit unions joined the association for a meeting with CFPB staff Monday to discuss the Home Mortgage Disclosure Act (HMDA) and ongoing efforts at the bureau to review the data collection and reporting process, as well as public disclosure of data.
SBA updates PPP FAQs, calculations, extends EIDL deferment [ [link removed] ]
The Small Business Administration (SBA) has released updated FAQs for its paycheck protection program (PPP), as well as new documents on calculating first- and second-draw PPP loan amounts. The agency also extended deferment periods for all disaster loans, including the economic injury disaster loan (EIDL) program, until 2022.
NAFCU outlines priorities as Senate committee reviews housing market [ [link removed] ]
As a leader in housing finance reform efforts to ensure credit unions' priorities and concerns are addressed, NAFCU's Brad Thaler Monday sent a letter to the Senate Banking Committee reiterating the association's priorities and addressing several recent efforts to protect renters and homeowners amid the coronavirus pandemic and to prepare the government-sponsored enterprises (GSEs) for the end of conservatorship.
Virtual Reg School kicks off with Washington update, compliance basics [ [link removed] ]
NAFCU's Virtual Regulatory Compliance School begins today, giving credit union compliance professionals a comprehensive understanding of the regulations that impact day-to-day operations. Day one features sessions focused on the NCUA, field of membership (FOM), and more.
Fed begins March meeting, expected to release economic projections [ [link removed] ]
The Federal Open Market Committee (FOMC) – the Fed's monetary-policy setting arm – begins its two-day meeting today and is expected to hold the federal funds target rate range at its current 0 percent to 0.25 percent for the foreseeable future. The rate has remained at its current level since March 2020.
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