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Home » Topics » CUNA News » Policy & Issues

Policy & Issues
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Policy & Issues

Compliance: NCUA approves proposal to allow SAR exemptions

The NCUA Board unanimously approved, by notation vote, a notice of proposed rulemaking that would permit NCUA to issue, on a case-by-case basis, exemptions from SAR filing requirements to federally insured credit unions.
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Treasury
Policy & Issues

New PPP rules, guidance needed before program re-opens

All rules and guidance for any Paycheck Protection Program (PPP) enhancements be issued and finalized before the program goes into effect, CUNA and other organizations wrote to Treasury and Small Business Administration (SBA) leaders Wednesday.
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Policy & Issues

Rule needed to protect CUs from higher asset-size thresholds due to COVID

NCUA should publish an interim final rule to allow credit unions to use 2019 asset-size data for regulatory requirements through the end of 2021, CUNA President/CEO Jim Nussle wrote to the NCUA board Tuesday.
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Fed
Policy & Issues

Fed finalizes rule eliminating reserve requirements

The Federal Reserve Board issued a final rule amending Regulation D to lower reserve requirement ratios on transaction accounts maintained at depository institutions to 0%. CUNA fully supports the Federal Reserve Board eliminating reserve requirements for financial institutions. 
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Conv
Policy & Issues

Latest Economic Impact Payments expected soon

A second round of Economic Impact Payments will be sent to around 160 million eligible Americans starting next week due to the passage of the latest COVID relief bill. The government is likely to disburse the majority of the funds via ACH direct deposit.
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Cap1
Policy & Issues

Padilla to replace VP-Elect Harris in U.S. Senate

California Gov. Gavin Newsom has selected California Secretary of State Alex Padilla to fill the seat left open when Sen. Kamala Harris (D-Calif.) is sworn in as vice president. Padilla, since his time in the California State Senate, is a strong credit union supporter.
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COVID19
Policy & Issues

PPP forgiveness, TDR relief extension in bipartisan COVID/funding bill

Federal policymakers unveiled an omnibus spending bill Monday that would fund the federal government through Sept. 30, 2021 and includes several CUNA-sought provisions related to pandemic relief. Congress passed the measure Monday evening.
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Coronavirus
Policy & Issues

CDC panel clarifies financial institution worker vaccine allocation

Financial services employees should be included in Phase 1c of COVID-19 vaccination, a Center for Disease Control and Prevention panel voted Sunday. The presentation from the ACIP COVID-19 Vaccines Work Group covers phased allocations of vaccines.
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NCUALogo
Policy & Issues

NCUA board designates Hauptman as vice chairman

The NCUA board approved the designation Friday of board member Kyle Hauptman as vice chairman of NCUA, effective immediately, pursuant to the requirements of NCUA’s Rules and Regulations.
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Cap1
Policy & Issues

House and Senate leaders announce COVID/Funding bill

Federal policymakers announced an agreement on a bill Sunday that would fund the federal government through Sept. 30, 2021, and provide pandemic relief. Though text of the bill has not yet been made public, several CUNA-sought provisions are anticipated.
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Credit Union Magazine - Winter 2020

Winter 2020

Credit Union Magazine’s Winter 2020 edition features CUNA’s 2021 lending outlook, CEO insights on adjusting to the pandemic, and board recruitment strategies.
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