NAFCU
offers support, recommendations for Fed's asset threshold IFR
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
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
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.
Last
Chance to Register!
Virtual Board of Directors and Supervisory
Committee Conference starts next week. Will your board be there?
CFPB
proposes delaying debt collection rules
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
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
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.
