Sec. Rice shares optimism for country in conversation with Berger
NAFCU's Virtual Congressional Caucus kicked off Monday with a wide-ranging discussion between 66th U.S. Secretary of State Condoleezza Rice and NAFCU President and CEO Dan Berger that covered global challenges, the value of credit unions, cybersecurity threats, and more.
Sec. Rice – whose opening keynote was provided with special support from Allied Solutions – acknowledged the "disorienting" impact of the coronavirus pandemic, as well as social unrest. While reflecting on her experiences growing up in the segregated South and serving as national security advisor to President George W. Bush, Sec. Rice outlined inequalities that have been exacerbated during the pandemic.
After her remarks, Berger joined Sec. Rice for a Q&A session during which he asked her about her experiences as national security advisor and how credit unions can contribute to societal change.
Sec. Rice called cybersecurity a "huge threat," adding that leaders must play an integral role in educating employees on how to detect and deter cyberattacks. She reiterated the importance of sharing best practices and discussed congressional efforts to establish a national data security standard, which NAFCU has long called for.
Prior to Sec. Rice's opening keynote, Berger provided attendees with a Washington Update. Berger reviewed key provisions in coronavirus relief packages passed so far, and what NAFCU continues to fight for as Congress works on a Phase 4 package. He highlighted the association's close work with Congress and regulators to deliver wins for credit unions, such as expanded access to the NCUA's Central Liquidity Facility (CLF), relief and clarification from the CFPB as it relates to electronic disclosures and Regulation X, the Federal Reserve's removal of the Regulation D transfer limit, and delay of the Federal Housing Finance Agency's (FHFA) adverse market refinance fee.
On the economy, Berger outlined expectations for GDP growth, labor market, and sales activity, and also highlighted how consumers have used economic impact payments (EIPs) and how credit unions have performed in the first half of the year.
NAFCU's Virtual Congressional Caucus continues today. Registration is still open here. Plus, attendees will have access to on-demand recordings of the event for the next two weeks. An online event community also allows attendees to connect with peers and access key resources to boost advocacy efforts. Attendees can also see the full, detailed agenda with tentative start times for all speakers.
Stay tuned to NAFCU Today for recaps from the event and follow #NAFCUCaucus on Twitter for live highlights.
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CUNA Mutual Group
Add to Calendar 2020-09-21 14:00:00 2020-09-21 14:00:00 Member Business Lending in Relation to COVID Impacting Loans Millions of lives and businesses have been changed by the COVID-19 pandemic. The lasting impacts of COVID-19 – both physically and economically – are still unknown, and the world continues to find ways to adjust in order to meet the difficulties caused by the disease head on. Credit unions have had to respond swiftly and thoughtfully to match the evolving needs of their communities and members, and other affected industries. Eviction moratoriums, payment deferrals, loan modifications and the birth of the Paycheck Protection Program and the terms of loan forgiveness, including the efficacy of these policies to date, are a few of the topics examined in this webinar. Key Takeaways Understand how COVID-19 has dramatically changed the world of commercial lending Examine how financial institutions have responded to the problems created or exacerbated by COVID-19 Review the key aspects of the Paycheck Protection Program under the CARES Act, and other available relief Register NowRegistration is complimentary, but you must register to attend.One registration gives your entire credit union access to the on-demand recording until September 21, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Chief Executive Officers (CEOs) Chief Lending Officers (CLOs) Lending, risk, marketing and business development staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Understand how COVID-19 has dramatically changed the world of commercial lending. Examine how financial institutions have responded to the problems created or exacerbated by COVID-19. Review the key aspects of the Paycheck Protection Program under the CARES Act, and other available relief. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Finance - Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU email@example.com America/New_York public
Credits: NCCO, NCRM, CPE
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