According to the agenda, the board will vote on a Temporary Final Rule related to “Regulatory Relief in Response to the COVID-19 Pandemic.” CUNA has written to NCUA several times in recent weeks with suggestions to help credit unions increase service to members and businesses impacted by the COVID-19 outbreak.
Other items on the agenda include:
- Board briefing on an Interim Final Rule on the Central Liquidity Facility. The CARES Act expands the CLF, which serves as a liquidity lender for credit unions experiencing shortfalls;
- Interim Final Rule on real estate appraisal relief;
- Final Rule on real estate appraisal thresholds. CUNA has called on NCUA to quickly finalize the proposed rule issued in November 2019, which would raise the threshold to $400,000.
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