5 things to know this week
A fintech company has agreed to stop referring to itself as a "bank."
Digital payments trends look to continue after the pandemic. The Treasury Department
is pushing to raise the debt ceiling. New data looks at labor market trends. The
CDC's vacated eviction moratorium is on hold – for now. Get more details
on these key news items from this week.
New
on the Compliance Blog: Reg E errors, FTC's recent settlement, CU website requirements
As credit unions work to meet the needs of more than 124 million Americans during
the coronavirus pandemic, NAFCU's award-winning regulatory compliance team
continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
CDRLF grant applications now open
The NCUA began accepting applications for Community Development Revolving Loan
Fund (CDRLF) grants this week. Low-income designated credit unions can submit
applications through June 26 in three categories: Digital services and cybersecurity,
minority depository institution (MDI) mentoring, and underserved outreach.
Starting
Next Week: Virtual CEOs and Senior Executives Conference
Join us
virtually from your home or office to gain insights from industry leaders as they
outline the most impactful forces affecting your credit union.