Low-cost masks, hand sanitizer, and other protective equipment is available to credit unions through a partnership of the National Credit Union Foundation, state credit union foundations and Geiger. A portion of all proceeds will be donated to the state’s credit union foundation.
The FTC is making more state-level information available to the public about the complaints it receives from consumers related to COVID-19 with reports about online shopping problems topping the list of complaints in most states.
The Fed has boosted confidence in the financial system in the wake of the pandemic, which has helped credit unions keep member loan demand steady as near-record numbers of members have refinanced mortgages and effectively freed up cash flow.
CUNA wrote in support of several bills it believes will help financial institutions combat financial scammers, especially during the pandemic, and shared principles for data privacy and security legislation in a letter sent Tuesday.
The FHFA announced Monday it will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. The original Jan. 31 proposal will not be finalized and implemented this month as planned.
The U.S. Treasury and Small Business Administration last week released new and revised guidance regarding the Paycheck Protection Program designed to implement the changes in the PPP Flexibility Act relating to loan maturity, deferral of loan payments and forgiveness provisions.
The House and Senate are both in session this week and CUNA will engage committees on both chambers on a number of hearings, including one on PPP loan forgiveness and one on COVID-19 related fraud and scams.
President Donald Trump announced Monday the nomination of Kyle Hauptman to the NCUA board. He is currently an advisor for Sen. Tom Cotton (R-Ark.) on economic policy and staff director of the Senate Banking Committee’s subcommittee on economic policy.
Congress can increase support to millions of American small business feeling the impact from the pandemic with no cost to the taxpayer, Ryan Goff of the American Taxpayer Union wrote this week, and credit unions are eager to help.