Advocacy Works

Jan 22, 2021

SBA Issues IFR on PPP Forgiveness Requirements, Loan Review Procedures

The Small Business Administration (SBA) Tuesday issued an interim final rule (IFR) regarding paycheck protection program (PPP) loan forgiveness and has updated several of its loan forgiveness…

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Jan 21, 2021

CFPB Director Kathy Kraninger Resigns

CFPB Director Kathy Kraninger resigned her position Wednesday. Kraninger served as director since December 2018.  The Biden transition team announced over the weekend that Rohit Chopra, who formerly served…

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Jan 20, 2021

NCUA Board Approves Final Rule on the Role of Supervisory Guidance

The National Credit Union Administration (NCUA) Board unanimously approved by notation vote, a final rule that outlines and confirms the agency’s use of supervisory guidance.  The proposed rule was issued on…

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Jan 19, 2021

CrossState InfoSight 2021 Compliance Calendar Now Available

With a new year comes a lot of new changes, so be sure you check out the CrossState InfoSight 2021 Compliance Calendar to be sure you are…

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Jan 15, 2021

NCUA Board Received ACCESS Briefing, Proposes Raising RBC Threshold for ‘Complex’ CUs, Issued an ANPR Soliciting Comments on RBC Requirements

Board Briefing – ACCESS Initiative  The Board was briefed on the ACCESS (Advancing Communities through Credit, Education, Stability & Support) Initiative, which was first announced by Chairman Hood last…

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Jan 12, 2021

Free Registration Available for CrossState Members: New Webinar on PPP Round Two, Latest on Expanded Employee Retention Tax Credit  Registration is open now to CrossState members for this free webinar presented by the…

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Jan 12, 2021

NJ State of the State Address Streams at 1 p.m. Today

New Jersey Gov. Phil Murphy’s 2021 State of the State address will stream online and via social media today at 1:00 p.m., the state’s first governor…

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Jan 12, 2021

NCUA Board Member Hauptman Named Liaison to DCUC and NASCUS

The National Credit Union Administration (NCUA) Chairman Rodney E. Hood announced yesterday that he assigned Vice Chairman Kyle S. Hauptman as the NCUA Board’s liaison to the…

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Jan 7, 2021

NCUA Issues Letters to FCUs – Community Charter Conversions and Expansions, Operating Fee Schedule Adjustments

The National Credit Union Administration (NCUA) recently issued two letters to federal credit unions.  The first provides updated guidance and templates in a letter to federal credit unions (21-FCU-01)…

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Jan 6, 2021

Comment Calls are an Opportunity for Credit Unions’ Voices to be Heard

It’s a new year and regulatory agencies have begun to post proposed regulation or requests for input from financial institutions and interested parties. The comment…

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