Regulatory Affairs Resources – Coronavirus
Return back to the coronavirus resource page:
https://mwcua.com/coronavirus/
To access PPP related info, visit:
https://mwcua.com/ppp-related-information/
Resources:
ALL Info related to the PPP loan program can be found here
GENERAL Guidance and Regulatory Relief
NCUA Letter to Credit Unions 20-CU-20 Phased Approach to On-site Operations
CFPB Policy Statement on Electronic Credit Card Disclosures
NCUA Letter to Credit Unions 20-CU-17 Update to Offsite Examination and Supervision Approach
Financial Services Sector Coordinating Council Releases Return to Normal Operations Resource Guide
NCUA Interim Final Rule on Prompt Corrective Action
OSHA Guidance – Preparing Workplaces for COVID-19 (pdf)
Cybersecurity Considerations for Remote Work
Deposits/Savings
IRS Economic Impact Payment Information Center- Updated FAQs
NACHA’s ACH Network Rules Pandemic-Related Frequently Asked Questions (FAQs)
U.S. Secret Service – Detecting counterfeit Treasury checks
Treasury Dept. – Treasury Check Information System
Treasury Dept. – U.S. Treasury Check Security Features
CUNA’s Compliance Blog – common questions about stimulus checks
Lending
NCUA Regulatory Alert – Treatment of Certain COIVID-19-Related Loss Mitigation Options Under RESPA
Joint Agency Guidance on CARES Act Forbearance and Foreclosure
FHFA Extends Foreclosure and Eviction Moratorium
FHFA Extends Loan Processing Flexibilities for Fannie Mae and Freddie Mac Customers
CFPB Guidance on Mortgage Appraisals and Other Valuations Under ECOA
NCUA Letter to Credit Unions 20-CU-13 – Working with Borrowers Affected by the COVID-19 Pandemic
Guidance from Fannie Mae and Freddie Mac as it relates to mortgage loans in forbearance:
- https://guide.freediemac.com/app/guide/bulletin/2020-12
- http://single family.fanniemae.com/media/22721/display
FHFA – Guidance on mortgage forbearance payments
CFPB – Mortgage Servicing Rules FAQs
Bank Secrecy Act
FinCEN Issues Guidance for BSA Reporting of COVID 19-Related Crimes
The Office of Foreign Assets Control (OFAC) guidance on COVID 19-related filing delays
LIQUIDITY
NCUA Letter to Credit Unions 20-CU-14 Establishment of CLF Agent Membership
NCUA Issues CLF Operating Circular
NCUA Enhancements to Central Liquidity Facility Membership and Borrowing Authority