NCUA Board Member Todd Harper participated in a call with CUNA’s Examination and Supervision Subcommittee Thursday afternoon, where members discussed their current state during the pandemic, and actions NCUA could take to help ease current pressures.
CUNA and other organizations filed reply comments to their petition to the FCC calling for TCPA relief for calls made from financial institutions to consumers related to the pandemic. CUNA and the organizations filed the original petition March 30.
The NCUA Board considered an interim final rule at its Thursday meeting that would have permanently amended one of the requirements that a federal credit union must adopt as a part of their written overdraft policy, but the item was tabled.
The NCUA Board issued a proposed rule on joint ownership accounts and an interim final rule granting prompt corrective action flexibility during its Thursday board meeting, conducted via live audio stream. The board also heard an update on the NCUSIF.
President Donald Trump issued an executive order Wednesday calling for agencies to address the COVID-19 economic emergency by rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recovery.
NCUA, along with other federal financial institution regulatory agencies Wednesday issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers' short-term credit needs and listing reasonable loan policies and sound risk management practices.
Candidates backed by America's credit unions saw primary election victories in competitive races in Oregon. CULAC, CUNA’s federal political action committee, and the Northwest Credit Union Association supported three winning candidates in their races.
The FHFA announced Tuesday that Fannie Mae and Freddie Mac (the Enterprises) have issued temporary guidance regarding the eligibility of borrowers who are in forbearance, or have recently ended their forbearance, looking to refinance or buy a new home.
Oregon Gov. Kate Brown thanked credit unions in her state for the works supporting their members and communities during the pandemic in a video released this week by the Northwest Credit Union Association.