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WASHINGTON—The 117^th Congress has officially named chairs and ranking members for its committees.

RANCHO CUCAMONGA, Calif. – THINK, the innovation and content platform for credit unions from CO-OP Financial Services, will kick off its 2021 virtual series on April 13. The company said the THINK series will continue the momentum begun in 2020 when nearly 5,000 credit union leaders attended nine different events.

ALEXANDRIA, Va.—As the NCUA considers a proposed rule to remove the 45-day limit in its requirements for an overdraft policy in the agency's lending rule, NAFCU offered the association's support, stating, "Replacing this timeframe with a credit union-determined timeline that is reasonable and consistently applied as this will provide credit unions with appropriate flexibility to assist their members."

WASHINGTON–Citing the ongoing COVID-19 crisis, the U.S. Department of Agriculture has announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency.

WASHINGTON–Several new prosecutions related to fraud against the Paycheck Protection Program have been announced, including one high-profile case in which funds were used to buy a $300,000 Lamborghini.

ARLINGTON, Va.—Additional guidance is needed by credit unions as they begin to process applications and address tax implications related to first draw and second draw Paycheck Protection Program (PPP) loans, NAFCU told the Small Business Administration in a comment letters.

ALEXANDRIA, Va.–Members of the NCUA board were given an update on the Consolidated Emergency Capital Investment Program (ECIP) created by the Consolidated Appropriations Act, with all three urging certain credit unions to take advantage while they still can.