HMDA focus of CU, CFPB meeting
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
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
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.
NAFCU's
Virtual Board of Directors & Supervisory Committee Conference
The
latest trends. Risk management concerns for boards. "Worst" practices to avoid.
Creating the growth mindset.
Virtual
Reg School kicks off with Washington update, compliance basics
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
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.