Also: 2021 NAFCU Board elections start today; New BSA Blast details BSA/AML changes, EIP fraud
NAFCU TODAY | The News You Need Daily.
March 31, 2021
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2-month PPP extension signed into law; SBA issues 2nd procedural notice on PPP hold, error codes [ [link removed] ]
President Joe Biden Tuesday signed into law legislation to extend the paycheck protection program's (PPP) loan application deadline to May 31 and allow the Small Business Administration (SBA) to continue processing pending applications until June 30. In addition, the SBA issued a second procedural notice to provide guidance related to hold codes on first-draw paycheck protection program (PPP) loans and other error messages.
2021 NAFCU Board elections begin [ [link removed] ]
NAFCU's 2021 board election cycle is now open with three director positions available – two At-Large seats and one Eastern Region seat – all for three-year terms. Two incumbents are seeking re-election.
BSA Blast details recent FinCEN EIP advisory, BSA/AML changes, more [ [link removed] ]
A new edition of NAFCU's BSA Blast – in its user-friendly digital format with direct links to each section – is now available on the association's website. The first issue of 2021 details the Bank Secrecy Act (BSA)/anti-money laundering changes made by the Anti-Money Laundering Act of 2020 (AMLA).
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