A survey recently conducted by the MD|DC Credit Union Association reveals that in 2020, more than 119,800 consumers and businesses received over $1.9 billion in loan relief from area credit unions.

The FHFA announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government. Fannie and Freddie are extending the moratoriums on single-family foreclosures and REO evictions until June 30, 2021.

CUNA and League advocacy leaders break down the environment on Capitol Hill and how credit unions can convey their advocacy message during an “Advocacy 101” video released as part of 2021 CUNA GAC preconference resources.

The FFIEC Thursday released updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual, which provides instructions to examiners for assessing the adequacy of a credit union’s BSA/AML compliance program.

The next round of Economic Impact Payments should be protected from assignment and garnishment, CUNA and other organizations wrote this week to Congressional leaders. Legislation, the American Rescue Plan Act of 2021 is currently being considered by Congress.

Additional PPP funding will likely be needed in 2021, CUNA wrote to the Senate Small Business Committee prior to its hearing on the nomination of Isabella Casillas Guzman to lead the SBA. Credit unions helped facilitated more than 200,000 PPP loans.

CUNA launched its first MAP campaign this week calling on credit unions to educate members about the credit union difference. MAP credit unions can customize and distribute long and short-form template, as well as an additional template asking members to share why they joined.

Additional flexibility granted by Congress would ensure credit unions can continue to serve pandemic-affected members, CUNA wrote to the Senate Banking Committee in advance of its hearing on rebuilding Main Street in the wake of the pandemic.

CUNA and other trade organizations followed up a meeting with the Federal Communications Commission last week with a letter sent Tuesday asking for error correction in the agency’s December 2020 Telephone Consumer Protection Act Report and Order.

The advocacy challenge ahead is maintaining progress and taking advantage of opportunities in a different political environment, wrote CUNA Chief Advocacy Officer Ryan Donovan in Credit Union Times this week, as CUNA prepares for its annual GAC.