NAFCU
calls for CDFI and MDI participation in SSBCI
On Friday, NAFCU and
Inclusiv sent a joint letter in response to the Treasury Department’s notice
and request fortreasury information regarding the State Small Business Credit
Initiative (SSBCI). The comment letter addresses the set aside for business enterprises
that are owned and operated by socially and economically disadvantaged individuals;
however, the SSBCI program is available for all insured credit unions. Both NAFCU
and Inclusiv represent credit unions that are community development financial
institution (CDFI) certified, low income designated, and minority deposit institution (MDI) certified.
NAFCU
urges FCC to foster regulatory system that allows consumers to receive important information
NAFCU and several other trade organizations wrote to the Federal Communications
Commission (FCC) to ensure that companies can contact consumers with vital information
using the telephone method. In the letter, NAFCU and the trade associations specifically
opposed USTelecom’s petition to have the FCC reconsider certain aspects regarding
blocked calls, including eliminating requirements on notifications when a call has been blocked.
Join
NAFCU leaders to hear the latest from Washington
NAFCU President and
CEO Dan Berger and other association leaders will provide member credit unions
with a review of the first half of 2021 during NAFCU's Q2 Member Webinar.
A panel discussion featuring NAFCU's experts will tackle topics ranging from
the association's latest advocacy efforts on Capitol Hill and with regulators,
and updates related to President Joe Biden’s proposed budget for fiscal year 2022.
Complimentary
NAFCU Q2 Member Webinar on Jun. 16
Join NAFCU President and CEO
Dan Berger and the association's award-winning advocacy team to hear a six-month
recap of 2021, and discuss regulatory and legislative priorities.
This
week: NAFCU actively engaging with lawmakers
The Senate is in session,
and the House is in committee work this week. In addition to engaging with lawmakers
duringCapitol Hill hearings on issues impacting credit unions, NAFCU's award-winning
advocacy continues to advocate for credit unions to help them move forward and grow.
May
jobs report lower than expected
The Bureau of Labor Statistics reported
non-farm payrolls increased 559,000 in May, and the unemployment rate fell to
5.8 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed
the report in a new NAFCU Macro Data Flash report.
NCUA
notifies CUs of renewed PCA relief
The NCUA Friday issued a Letter
to Credit Unions addressing its interim final rule (IFR) renewing temporary prompt
corrective action (PCA) regulatory relief for federally-insured credit unions.
The NCUA Board approved the IFR in April; the initial IFR to provide this relief expired in December.
