CUNA continued its push for the Federal Reserve to remove the monthly account transfer limit under Regulation D with a letter Monday. CUNA previously called for the removal of the limit to easier access to funds during the COVID-19 pandemic.
The economic impact of the COVID-19 outbreak will be felt for a long time, but credit unions are already working hard to help members meet financial needs, and will continue to do so, CUNA President/CEO Jim Nussle told the Washington Post this week.
CUNA President/CEO Jim Nussle discussed how credit unions are serving Americans affected by the COVID-19 pandemic on MSNBC Live Sunday night, comparing that response to a report that banks are tightening credit standards as a result of the outbreak.
The NCUA announced Monday that all NCUA examinations will take place offsite through May 1 and this offsite policy will remain in effect until further notice. According to NCUA, it will reevaluate this approach through the duration of the COVID-19 pandemic.
CUNA and other organizations Monday requested the Federal Communications Commission issue some form of ruling, clarification or waiver that calls from financial institutions to consumers related to COVID-19 should fall under the TCPA's Emergency Purposes Exception.
Credit unions make a difference when they’re needed most, including during the coronavirus disease (COVID-19) pandemic, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices Friday.
The House passed and President Donald Trump has signed into law the latest COVID-19 relief bill Friday, one with several provisions for credit unions. CUNA/League advocacy helped ensure credit unions were included in several provisions.
NCUA’s latest Letter to Credit Unions highlights a joint statement from federal financial regulators on encouraging responsible small-dollar lending during the COVID-19 pandemic, a statement expressly encouraging credit unions to offer responsible small-dollar loans.