5 things to know this week
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
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
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.
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.
NAFCU
issues Final Regs on NCUA's CLF extension, FICU asset threshold IFRs
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.
