SBA announces closure of PPP
On Tuesday, the U.S. Small Business Administration (SBA) provided a statement
on the closure of the paycheck protection program (PPP) -- the PPP was scheduled
to end on May 31. As the industry's Washington Watchdog, NAFCU has been committed
to ensuring credit unions have all the resources needed to effectively participate in the program since its launch.
NAFCU
cybersecurity and payments committee discusses interchange, digital currency
NAFCU's Cybersecurity and Payments Committee met yesterday to discuss
the latest developments on interchange, the Federal Reserve issuing a request
for comment (RFC) to seek input on proposed guidelines for evaluating requests
for accounts and services at Federal Reserve Banks, central bank digital currency, and more.
Reminder:
Share industry perspective on key issues ahead of NAFCU event
Credit
unions are encouraged to reflect on lessons learned and challenges still facing
the industry as a result of the coronavirus pandemic by participating in the five-minute NAFCU
State of the Industry pre-conference survey. The results of the survey will be
unveiled and discussed June 24 during NAFCU's State of the Industry –
a landmark virtual event that will bring credit union leaders, industry experts,
and NAFCU's award-winning staff together for a discussion on trends, strategies,
and legislative and regulatory developments to help the industry thrive.
Critical
Industry Update
Attend NAFCU's State of the Industry complimentary
virtual event to hear the CU industry's best minds dissect the current state of
affairs and discuss what you should expect in the future.
