Congress added $310 billion to the Paycheck Protection Program (PPP) this week, with $60 billion set aside for small lenders, CUNA Chief Advocacy Officer Ryan Donovan said in this week’s advocacy update video.
The Federal Reserve and Bureau of Consumer Financial Protection jointly issued a proposal last week that would make changes to Regulation CC, which implements the Expedited Funds Availability Act and provides opportunity for comment on 2011 amendments.
CUNA attended Friday’s Faster Payments Town Hall meeting in Minneapolis, part of a series of town halls on the topic. CUNA has expressed to the Fed that the increased fraud opportunity a problem with a real-time payment system.
Credit Union Magazine’s special 2020 Credit Union Rock Stars edition celebrates creative, innovative, and passionate professionals and volunteers working to advance the missions of their credit unions.