Advocacy Works

Nov 9, 2020

Small Business Administration Publishes Steps to Apply for PPP Loan Forgiveness

The Small Business Administration (SBA) published steps last week to apply for Paycheck Protection Program (PPP) loan forgiveness for borrowers that may be eligible for loan forgiveness…

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Nov 9, 2020

FinCEN Reissues Real Estate Geographic Targeting Orders for 12 Metropolitan Areas

The Financial Crimes Enforcement Network (FinCEN) announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies…

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Nov 6, 2020

CFPB Final Payday Lending Rule

In July 2020, the Consumer Financial Protection Bureau (CFPB) issued a final rule to revoke the mandatory underwriting provisions of their Payday Lending Rule (12 CFR 1041)….

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Nov 5, 2020

Additional Remote/Electronic Notary Bill Introduced in NJ Senate

A second bill (S3082) that would authorize notaries to perform certain actions remotely has been introduced in the New Jersey Senate. The Assembly passed a remote notary…

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Nov 5, 2020

NCUA Publishes Proposed Rule on Role of Supervisory Guidance in Federal Register

The National Credit Union Administration (NCUA) posted its proposed rule clarifying the Role of Supervisory Guidance in the Federal Register. NCUA, along with the OCC, Federal Reserve…

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Nov 4, 2020

2020 Election Review

After months, even years, of anticipation, the 2020 general election finally arrived. In a year that has been marked by a historic and deadly pandemic,…

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Nov 4, 2020

Protect Yourself from Hackers and Scammers

Whether it’s credit unions educating their members or the many credit union employees working from home, you may benefit from the Federal Trade Commission’s (FTC)…

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Nov 3, 2020

NCUA Chair Names Myra Toeppe Director of the Office of Examination and Insurance

National Credit Union Administration (NCUA) Chairman Rodney E. Hood announced that the NCUA Board unanimously approved the selection of Myra Toeppe as the agency’s next Director of the Office…

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Nov 2, 2020

CrossState Submits Comment Letter to NCUA

CrossState Credit Union Association submitted a letter to provide comments on the National Credit Union Administration’s (NCUA) proposed rule to amend the regulation governing assessment of an…

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Nov 2, 2020

CFPB Releases Final Debt Collection Rule

The Consumer Financial Protection Bureau (CFPB) released its final rule on debt collection. The rule revises Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA) and currently contains…

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