NAFCU
touts CU difference as bankers launch new attack
As a banking trade
group recently made yet another attempt to stifle credit unions' ability
to serve their 124 million members and reach underserved communities by sending
a message to the Hill urging lawmakers to subject the credit union industry to
more regulations and remove the credit union tax exemption, NAFCU is setting the record straight.
NAFCU-sought
NCUA loan flexibility bill introduced in Senate
Senate Banking Committee
Members Tim Scott, R-S.C., and Catherine Cortez Masto, D-Nev., Tuesday introduced
NAFCU-sought legislation that would give the NCUA greater flexibility in setting
loan maturity limits under the Federal Credit Union Act.
NAFCU
addresses CU efforts to release EIPs to members, availability of funds
NAFCU Executive Vice President of Government Affairs and General Counsel Carrie
Hunt yesterday issued a statement in response to the ongoing roll out of economic
impact payments (EIPs) to consumers. In addition, the association joined with
several financial services trades to specify that funds from the initial wave
of EIPs issued by the IRS will be sent to banks and credit unions today.
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.
NCUA's
annual report details efforts to manage COVID crisis
The NCUA Tuesday
released its 2020 Annual Report, which provides insights into the agency's
performance over the past year and highlights its efforts to support the credit
union industry and its 124 million members impacted by the coronavirus pandemic.
NAFCU
recommends more ways to support small biz
The Senate Small Business
Committee today is set to review the impact of the Small Business Administration's
(SBA) paycheck protection program (PPP) and consider next steps to further support
recovery from the coronavirus pandemic. Ahead of the hearing, NAFCU's Brad
Thaler offered recommendations to strengthen the PPP and other small business lending programs.
Virtual
Reg School day 2 tackles e-sign, Regulation E, privacy, more
Today,
the second day of NAFCU's Virtual Regulatory Compliance School kicks off
with a session to tackle general disclosure requirements and advertising rules
under the Truth in Savings Act. Additionally, NAFCU Vice President of Regulatory
Compliance Brandy Bruyere will host two live Q&A sessions during the day where
attendees will have the chance to ask the session speakers questions.
Retail
sales see 'unsurprising' fall in February; NAFCU expects steady growth in 2021
Total retail sales slid 3 percent in February, following a 7.6 percent surge the
previous month. Of note, the January number was revised up 2.3 percentage points.
