CUNA member credit unions continue to be challenged by a slow approval process with the PPP, CUNA wrote to the Small Business Administration Wednesday with several examples of errors that have occurred during application processes.
Congress must include targeted and temporary liability protections as it considers the next round of COVID-19 relief legislation, CUNA and nearly 600 other organizations wrote to all members of Congress this week.
NCUA will hold a webinar on February 11, starting at 2 p.m. (ET) that will provide participants with an update on Chairman Todd Harper’s priorities, the agency’s supervisory activities, and recently issued guidance and regulations, among other topics.
What should leadership look like in challenging times? How can we foster resilience in an era of unprecedented uncertainty? H.R. McMaster will address those critical topics at CUNA Governmental Affairs Conference March 2-4.
Both chambers of Congress are in session this week, and CUNA will be engaged with several committee hearings. Congress will also continue negotiations on economic stimulus legislation due, including a potential budget resolution.
CUNA supports removing the prohibition for federal credit unions to purchase mortgage servicing rights, it wrote to NCUA Monday. NCUA’s proposal would explicitly permit a federal credit union to purchase mortgage servicing rights from other FICUs under certain circumstances.
Comments are due in February on several proposals and rulemakings of interest to credit unions, including ones issued by NCUA, the Consumer Financial Protection Bureau (CFPB), Federal Communications Commission and Federal Housing Finance Administration.
Acting CFPB Director Dave Uejio posted several CFPB policy changes on the CFPB blog Thursday. He plans to reverse the CFPB’s policy regarding MLA exams and rescind “public statements conveying a relaxed approach to enforcement.”
CUNA wrote to NCUA Chairman Todd Harper Thursday to urge NCUA to issue an interim final rule that would use asset data as of Dec. 31, 2019 to determine applicability of certain asset-based regulatory thresholds.