Also: CUs plan to keep up COVID assistance, safety measures; FHFA extends some loan flexibilities, others set to expire
NAFCU TODAY | The News You Need Daily.
April 22, 2021
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Today: NCUA Board to receive cybersecurity briefing [ [link removed] ]
The NCUA Board meets today and is expected to receive a briefing on cybersecurity. The agency recently detailed its move toward a new framework for cyber-focused examinations in its Annual Report, which further emphasized the agency’s focus on technology modernization and cybersecurity efforts.
As COVID recovery begins, CUs plan to keep offering assistance [ [link removed] ]
NAFCU's new Economic & CU Monitor report – now available for download – takes a look at several coronavirus-related relief efforts and how credit unions plan to continue to support members through recovery. NAFCU continues to advocate for additional tools and flexibilities to ensure credit unions can effectively serve their members.
FHFA extends several GSE loan origination flexibilities, announces others will expire as planned [ [link removed] ]
The FHFA announced Wednesday that the government-sponsored enterprises (GSEs) – Fannie Mae and Freddie Mac – will extend some coronavirus-related loan flexibilities but allow others to expire as planned due to low utilization. Of note, alternative appraisals on purchase and rate-term refinance loans are among the flexibilities to be extended through May 31.
SBA extends date for PPP loan increase requests [ [link removed] ]
Following the paycheck protection program's (PPP) extension to May 31, the Small Business Administration (SBA) has issued a new procedural notice for first-draw PPP borrowers seeking a loan increase. The notice clarifies that eligible borrowers have until the program deadline to submit a request for a loan increase.
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