CUNA Senior Economist Jordan van Rijn spoke with The Simple Dollar recently on mortgage forbearance and what borrowers should do regarding future forbearance. The CARES Act allows homeowners to apply for a six-month forbearance period and one additional six-month extension.

Sen. Rob Portman (R-Ohio) announced Monday he will not seek re-election in 2022. He cited CUNA’s comprehensive regulatory burden study in 2016 when calling for the CFPB to appropriately tailor its regulations.

President Joe Biden has named Todd Harper chairman of NCUA, effective immediately

NCUA, FinCEN, and other federal agencies have issued responses to frequently asked questions on suspicious activity reporting and other anti-money laundering requirements. A detailed analysis can be found on CUNA's CompBlog. 

CUNA generally supports the Federal Housing Administration's proposal to allow owners the option to purchase private flood insurance on FHA-insured mortgages for properties located in Special Flood Hazard Areas.

Credit union compliance staff will learn about the changes during a January 27 webinar, “PPP Reboot: What New and Existing Borrowers Need to Know About the New Stimulus Package.” The free webinar will take place from 11 a.m. to 12:30 p.m. (ET)

As the credit union system continues to manage the challenges of COVID-19, CUNA is pleased to welcome Scott Gottlieb, M.D., former Food and Drug Administration (FDA) Commissioner, to CUNA GAC, March 2 to 4.

The New York Credit Union Association and CUNA issued a statement today congratulating Sen. Chuck Schumer (D-N.Y.) on being named Senate Majority Leader.

Many credit unions would benefit from improved efficient and effectiveness of the USDA's Single-Family Housing Guaranteed Loan Program, CUNA wrote to the USDA in response to a proposal that would mandate use of certain underwriting and closing systems for the program.

CFPB Director Kathy Kraninger and resigned her position Wednesday. Kraninger served as director since December 2018. Dave Uejio has been named the agency's acting director as the administration's nominee is confirmed by the Senate.