Also: State of the Industry set to bring CU leaders, experts together June 24; PPP FAQs updated with recent guidance



NAFCU TODAY | The News You Need Daily.

April 8, 2021



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NAFCU offers support, recommendations for Fed's asset threshold IFR [ [link removed] ]
NAFCU Senior Counsel for Research and Policy Andrew Morris wrote to the Federal Reserve Board Wednesday to offer the association’s support for an interim final rule (IFR) concerning temporary asset threshold relief for community financial institutions. Morris noted that the IFR eases the transition to new regulatory standards for community institutions by adopting more flexible standards for measuring asset growth and provided several recommendations where clarification may benefit the credit union industry.


NAFCU's State of the Industry set for June 24 [ [link removed] ]
After a landmark event last year, NAFCU is again offering its State of the Industry this summer to bring credit union leaders, industry experts, and NAFCU's award-winning staff together for a discussion on key trends, strategies, and legislative and regulatory developments to help the industry thrive.


NAFCU updates PPP FAQs to reflect latest SBA guidance [ [link removed] ]
In response to recent changes to the Small Business Administration's (SBA) paycheck protection program (PPP), NAFCU has updated its PPP FAQs to include two new questions and several additions to existing FAQs.






CFPB proposes delaying debt collection rules [ [link removed] ]
The CFPB Wednesday issued a proposed rule to delay two Fair Debt Collection Practices Act (FDCPA) rules finalized last year: One related to third-party debt collectors and another on consumer disclosures. The bureau is proposing delaying the rules' effective dates 60 days to allow covered parties more time to comply amid the coronavirus pandemic.


FOMC minutes reveal potential for boost in economic activity [ [link removed] ]
Minutes from the Federal Open Market Committee's (FOMC) March videoconference meeting revealed building economic optimism, but cautioned the path of the economy would depend significantly on the course of the virus – including progress on vaccinations – and that the ongoing public health crisis would continue to weigh on economic activity, employment, and inflation and posed considerable risks to the economic outlook.


Nominations for NAFCU's 2021 Annual Awards now open [ [link removed] ]
NAFCU member credit unions have until May 14 to submit their entries for the association's 2021 Annual Awards Competition, which recognizes association member credit unions, professionals, and volunteers for their dedication and achievement within their institutions, communities, and the industry.



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