This
week: NAFCU monitoring updates on COVID response, PPP extension
Discussions
on Capitol Hill this week will center around policymakers' response to the
coronavirus pandemic, looking closely at the economic impact, small business programs
and housing issues. NAFCU's award-winning advocacy team will remain engaged
with lawmakers to ensure they're aware of credit unions' efforts to
support their members and communities amid the crisis.
New
Reg Alert outlines Treasury's emergency capital program
In a new
Regulatory Alert sent to members Friday, NAFCU detailed how the Treasury's
interim final rule (IFR) to implement statutory eligibility requirements for the
Emergency Capital Investment Program (ECIP) apply to credit unions. The program,
established under the Consolidated Appropriations Act (CAA), will provide funds
to eligible Community Development Financial Institutions (CDFIs) and minority
depository institutions (MDIs) to support small businesses and consumers facing
financial hardships amid the pandemic via loans, grants, and forbearance.
SBA
releases new PPP application forms
Following the issuance of an interim
final rule to incorporate changes made to the paycheck protection program (PPP)
by the American Rescue Plan Act, the Small Business Administration (SBA) published
new application forms for borrowers and lenders.
Complimentary NAFCU Q1 Member Webinar
on Mar. 30
Join NAFCU President and CEO Dan Berger and the association's
award-winning advocacy team to hear the latest from Congress on coronavirus relief,
updates on the Biden administration and more.
