The CFPB issued two proposals Monday to address the impending expiration of the GSE Patch. CUNA has called on the CFPB to provide clarity on the future of the GSE Patch, which is scheduled to expire in January 2021.

CUNA and other credit union organizations wrote to Senate leadership today opposing a provision in the Senate Armed Forces Committee-passed NDAA that contains language that would require DoD policies for government depository institutions and credit unions operating on military installations to be applied equally.

The Small Business Administration has launched a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions, Minority Depository Institutions and other smaller asset size lenders in the Paycheck Protection Program.  

The Federal Financial Institutions Examination Council will host an interagency webinar on Friday, June 26, beginning at 1 p.m. (ET). The focus of this webinar is on the 2020 updates to the FFIEC’s BSA/AML Examination Manual.

CUNA announced Friday the formation of the Credit Union System COVID-19 Restart and Recovery Task Force to bring together representatives from the CUNA, League and credit union system, along with providers and affiliated organizations, to discuss strategies, resources and best practices for credit unions

NCUA has developed a multi-phase transition plan for the resumption of its on-site operations that provides a framework for how and when staff resumes an on-site presence at both NCUA offices and credit unions.

The CFPB Thursday announced the launch of a pilot advisory opinion program to publicly address regulatory uncertainty. According to the CFPB, the pilot AO program will allow entities seeking to comply with regulatory requirements to submit a request where uncertainty exists.

The NCUA Board will vote on a proposed risk-based net worth rule and receive updates on Minority Depository Institutions and the Guaranteed Notes Oversight Program at its June 25 meeting. The meeting will be a live-streamed on NCUA.gov as an audio webcast.

NCUA Board Member Todd Harper joined this week’s meeting of CUNA’s Consumer Protection Subcommittee Thursday to talk about a number of topics, including what credit unions can do to promote diversity, equity and inclusion in light of the national dialogue on these issues.

CUNA joined several organizations to support a bill from Sen. Deb. Fischer (R-Neb.) that would replace the Consumer Financial Protection Bureau’s single director with a five-person, bipartisan commission, the Financial Product Safety Commission Act of 2020.