Also: House sends marijuana banking bill to Senate; Debt collectors required to inform tenants of eviction rights



NAFCU TODAY | The News You Need Daily.

April 20, 2021



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NAFCU shares CU insights on relief programs to SBA, lawmakers [ [link removed] ]
NAFCU President and CEO Dan Berger, along with other senior members of the association's government affairs team, met yesterday with Small Business Administration (SBA) Associate Administrator Patrick Kelley and members of the agency's Office of Capital Access, to discuss credit unions' efforts to expand access to credit to small businesses across the nation and their participation in SBA lending programs.


House sends marijuana banking bill to Senate [ [link removed] ]
The House Monday passed legislation that would provide a safe harbor for credit unions and other lenders that serve marijuana-related businesses (MRBs) in states that have legalized marijuana. The House passed the bill in 2019, but it was never taken up by the Senate. The House also passed these provisions in its proposed HEROES Act relief package last spring.


CFPB requires debt collectors to inform tenants of eviction rights [ [link removed] ]
The CFPB Monday issued an interim final rule (IFR) that requires debt collectors to provide tenants with written notice of their rights under the eviction moratorium issued by the Centers for Disease Control and Prevention (CDC) amid the coronavirus pandemic. This rule applies to third-party debt collectors, but could impact credit unions that work with third-party collectors.






NAFCU offers insights on climate change, natural disaster risk in a letter to the FHFA [ [link removed] ]
NAFCU Directory of Regulatory Affairs Ann Kossachev Monday offered the association's insights and recommendations in response to the Federal Housing Finance Agency's (FHFA) request for information (RFI) on climate change and natural disaster risk to the housing finance system and the government-sponsored enterprises (GSEs).


NAFCU gives feedback on HFSC markup agenda [ [link removed] ]
The House Financial Services Committee today is set to markup several items – ranging from the fiscal year 2022 budget, to task forces on artificial intelligence (AI) and fintech, to legislation on diversity and more. Ahead of the markup, NAFCU's Brad Thaler shared the association's perspective on the issues up for discussion.


NAFCU to SBC: Support changes that allow all CUs to serve underserved areas [ [link removed] ]
NAFCU Vice President of Legislative Affairs Brad Thaler Monday wrote to the Senate Banking Committee to urge the committee to support a change to the Federal Credit Union Act that would allow all types of credit unions to add underserved areas to their field of membership. The letter, sent ahead of today's hearing examining the economy in rural communities, also highlighted how credit unions have stepped up for their communities throughout the coronavirus pandemic.



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