Also: NAFCU calls for swift risk-based net worth relief, details NCUA's CLF, asset threshold IFRs
NAFCU TODAY | The News You Need Daily.
March 26, 2021
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5 things to know this week [ [link removed] ]
The Senate passed legislation to extend the paycheck protection program (PPP) by two months. Registration is open for an upcoming NCUA webinar focused on the Bank Secrecy Act (BSA). These are just a couple key developments from this week. See a roundup of key industry updates credit union leaders should be aware of.
NAFCU calls on NCUA to swiftly provide risk-based net worth relief [ [link removed] ]
NAFCU's Andrew Morris offered the association's full support for the NCUA's proposed rule to amend its risk-based net worth (RBNW) requirement as the relief provided by it "will enable credit unions to better prioritize service to members and support lending activities."
New on the Compliance Blog: NCUA marijuana-related order, SAFE refresher, CFPB complaints [ [link removed] ]
As credit unions work to meet the needs of more than 124 million Americans during the coronavirus pandemic, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
NAFCU issues Final Regs on NCUA's CLF extension, FICU asset threshold IFRs [ [link removed] ]
NAFCU Thursday sent two new Final Regulation Alerts to members breaking down the NCUA's recent interim final rules (IFRs) on credit union asset thresholds and the Central Liquidity Facility (CLF). The association's Final Regulation Alerts are member-only resources that feature full text and easy to read summaries for final rulemakings affecting credit unions.
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