Sources at the Federal Reserve Board recently confirmed to the MD|DC Credit Union Association that as of now, the Fed has no plans to reinstate the six transfer limit in the definition of “savings deposit” in Regulation D.

To combat ongoing misinformation, the Federal Housing Finance Agency (FHFA) reiterated that borrowers in forbearance with a Fannie Mae or Freddie Mac (the Enterprises)-backed mortgage are not required to repay the missed payments in one lump sum.

A new crisis planning edition of the Capital Planning Calculator is now available online.

The Consumer Financial Protection Bureau (CFPB) has outlined practices to provide mortgage servicers clarity, facilitate compliance, and prevent harm to consumers during the transfer of residential mortgages.

PSCU has posted their weekly transaction analysis for the week ending on April 19, 2020, from its Owner credit union members to identify the impact of COVID-19 on consumer spending and shopping trends.

The Federal Reserve Board has announced an interim final rule to amend Regulation D to delete the six-per-month limit on convenient transfers from the 'savings deposit' definition.

The package includes $310 million more for the Paycheck Protection Program (PPP), with $60 million earmarked for credit unions and other community financial institutions.

The National Institutes of Health Federal Credit Union (NIHFCU) launched SendaMessageofHope.com, a website where anyone can post an inspiring message of gratitude to healthcare workers, showing support for them during this challenging time.

The Federal Financial Institutions Examination Council (FFIEC) has made several updates to the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examiner’s Manual.

Consumers, retailers and financial institutions should be on the lookout for counterfeit U.S. Treasury Checks.