More on Prepaids; NCUA Grants Available; NCUA on YouTube; Flood Insurance Update
Written by Steve Van Beek
Below are just a couple short items to help you ease into the upcoming long weekend.
CFPB ANPR on Prepaids. Â The CFPB's ANPR was published today in the Federal Register. Â Comments are due by July 23, 2012. Â NAFCU members - our Regulatory Affairs team will have a Regulatory Alert out in the near future.
For more on prepaids, the CFPB's press release is here and Director Cordray's speech is here. Â
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NCUA Grants and Loans. Â Credit unions with a low-income designation might want to take a look at NCUA grants and loans through their Community Development Revolving Loan Fund (CDRLF). Â NCUA has a YouTube video with additional details on the program. Â
Importantly, NCUA has prioritized its 2012 grants for the following:
- Financial literacy and education in school branches;
- New product and service development;
- Staff, official, and board member training;
- Student and job creation internships; and
- Volunteer Income Tax Assistance. (emphasis added).
Additional information on the process can be found in Letter to Credit Unions 12-CU-04 and the Enclosure (which includes the grant guidelines). Â
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NCUA's May Economic Update. Â NCUA has a new Youtube video with their May 2012 Economic Update. Â
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Flood Insurance.  The NAFCU Today has the latest on a possible Flood Insurance extension.  If you are interested in having the NAFCU Today emailed to you each day, you can sign up here.  The NAFCU Today is open to everyone who is interested.  Â