LATEST DEVELOPMENTS Following are the latest updates on news, information, and resources as it relates to COVID-19.
JULY 9 League COVID-19 Update CEO Call JULY 8 CA Legislature Delays as League Engages in New Legislation Congressional Update: Next Phase of COVID-19 Relief FinCEN Advisory: Imposter Scams and Money Mule Schemes JULY 6 SBA PPP Updates JULY 4 PPP Application Deadline Extended to August 8
Questions? Email COVID19@ccul.org Frequently Asked Questions

 

• Desk of Diana and Message from the Leagues
• Latest News Articles
• Press Releases and Statewide Media Coverage
  
• Members in the News 
• League COVID-19 Update CEO Call—July 9, 2020 55:38
• League COVID-19 Update CEO Call with CO-OP Network President & CEO, Todd Clark—June 25, 2020 52:58
  • Corresponding PowerPoint Presentation
  • Supplemental Consumer Spending Trends PDF
• League COVID-19 Update CEO Call with O’Rouke+Humanadei CEO, Jill Nowacki—June 18, 2020 58:40
• League COVID-19 Update CEO Call with CU Direct President & CEO, Tony Boutelle—June 11, 2020 49:55 and Corresponding PowerPoint Presentation
• League COVID-19 Update CEO Video Call with Christopher Thornberg—May 14, 2020 01:14:08 and Corresponding PowerPoint Presentation
  
  

• Every State's Response to Coronavirus (COVID-19)

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The following represents a comprehensive look at how credit unions in California and Nevada have assisted their members during the COVID-19 crisis.  

California

   
As of 7/6/20 

• Statewide Guidance by the California Department of Public Health (CDPH) (7/2/20)
• Statewide Face-Cover Requirements (6/18/20)
• Governor Gavin Newsom’s Executive Order Regarding Workers’ Compensation Benefits for Workers who Contract COVID-19 During Stay at Home Order: N-62-20. A Q&A document provides guidance. (5/6/20)
• Governor Newsom’s Executive Order Regarding Garnishment and Offset of CARES Stimulus Funds (4/23/20)
  
  

Nevada

As of 7/6/20 

• Governor Steve Sisolak Directive 025 – Gradual Lift to Eviction Moratorium (6/25/20); Directive 025 General FAQs (6/25/20); Directive 025 Residential Landlord FAQs (6/25/20)
• NV Governor Directive 018 – Phase One Reopening (5/7/20)
• NV Governor industry-specific operational guidelines: banking and financial services, general office environments, and real estate/leasing (5/7/20)
• Department of Business and Industry Guidance and Announcements
  
  

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• FEDERAL LEGISLATION
  • Paycheck Protection Program Flexibility Act (PPP Flexibility Act) (6/5/20)
  • Coronavirus Aid, Relief, and Economic Security (CARES) ACT (S.3548/H.R. 748) (3/27/20)
  • Families First Coronavirus Response Act (H.R. 6201) / Leagues’ Legal Counsel Summary (3/18/20)
    
    
• GRANTS
  • Inclusiv Resilience Grant Fund—Grants up to $20,000 to minority depository institutions/credit unions (MDIs)  under $100  million in assets and community development credit unions under $100 million in assets whose leadership and fields of membership are majority people of color.
  • NCUA: NCUA Extends Mentoring Grants for Low-Income Credit Unions Designated as Minority Depository Institutions to July 31 (6/23/20)
  • NCUA: COVID-19 Urgent Needs Grants are available to help impacted low-income designated credit unions. Urgent needs grant guidelines available here. (3/23/20)
     
• NCUA LETTERS TO CREDIT UNIONS
  • Prompt Corrective Action Regulatory Relief Measures in Response to the COVID-19 Pandemic 20-CU-18 (6/9/20)
  • Establishment of CLF Agent Memberships 20-CU-14 (5/11/20)
  • Working with Borrowers Affected by the COVID-19 Pandemic 20-CU-13 (4/30/20)
  • Outreach Related to COVID-19 Impact 20-CU-12 and NCUA Outreach Questions (4/29/20)
  • Temporary Regulatory Relief in Response to the COVID-19 Pandemic 20-CU-09 (4/17/20)
    
    
• REGULATORS
  • SBA: PPP Application Deadline Extended to August 8 (7/4/20)
  • SBA: Interim Final Rule regarding the Paycheck Protection Program Flexibility Act (PPPFA) (7/4/20)
  • SBA: Guidance issued on how to calculate the maximum loan amount for which a business is eligible (6/26/20)
  • SBA: Updates to the PPP FAQs (6/25/20)
  • SBA: Business Loan Program Temporary Changes; Paycheck Protection Program–Certain Eligible Payroll Costs (PPP IFR 22) (6/25/20)
  • SBA: Business Loan Program Temporary Changes; Paycheck Protection Program-Additional Eligibility Revisions to First Interim Final Rule (PPP IFR 21) (6/24/20)
  • Fannie Mae: COVID-19 Servicing Guidance Update, Lender Letter 2020-09 (6/10/20)
  • Freddie Mac: COVID-19 Servicing Guidance Update, Bulletin 2020-21 (6/10/20)
  • NCUA: Interim final rule that makes two temporary changes to prompt corrective action regulations.  These temporary modifications will remain in place until December 31, 2020 (5/21/20)
  • NCUA: Responsible Small-Dollar Lending in Response to COVID-19 (5/20/20)
  • CFPB: Interpretive Rule: Application of Certain Provisions in the TILA-RESPA Integrated Disclosure Rule and Regulation Z Right of Rescission Rules in Light of the COVID-19 Pandemic (4/29/20)
  • REG D: The Federal Reserve’s recent interim final rule eliminating the six-per-month transfer limit between savings and checking accounts is permanent. See the Federal Reserve's FAQs (4/24/20)
  • NCUA: Interim Final Rule Provides Real Estate Appraisal Relief During COVID-19 Crisis(4/16/20)
  • NCUA: Temporary Final Rule Provides Regulatory Relief in Response to COVID-19 Pandemic (4/15/20)
  • NCUA: Board Approves Interim Final Rule for Changes to Central Liquidity Facility (4/13/20)
  • CFPB: Policy Statement on the Extension of Temporary Use of Remittance Transfer Estimated Exchange Rates until 12/31/20 (4/10/20)

ARCHIVES:

• Inclusiv: PPP Loan Forgiveness Series with David Hincapie, SBA Economic Development Specialist (6/3/20 and 6/5/20)
• English:
  • For lenders: https://vimeo.com/425292314
  • For borrowers: https://vimeo.com/426377755
• Espanol:
  • Para prestamistas (cooperativas y credit unions): https://vimeo.com/425301594
  • Para pequeños comerciantes: https://vimeo.com/426379325
• Pandemic: How to Mitigate 3 Common Operational Risks: Branch Security Risks:
  • Preparing for Heightened Security Threats (YouTube; posted 5/18/20)
  • Elder Financial Exploitation – Protecting Your Members and Compliance (YouTube; posted 5/19/20)
  • Cross Training – Leveraging Your Team Strengths While Maintaining Compliance (YouTube; posted 5/22/20)
• Ask The Regulators: Interagency Webinar on Loan Modifications and Reporting For Financial Institutions Working with Customers/Members Affected by the Coronavirus (recorded 4/24/20)
• Ask The Regulators: SBA: How to Become a Paycheck Protection Program (PPP) Lender (recorded 4/23/20)
• Leading Your Remote Work Team Through A Crisis: 5 Strategies To Keep Your Team Connected, Motivated and Productive eTrain webinar—free to PLP subscribers (4/13/20)
• Serving and Supporting Hispanic Members in the COVID-19 Environment Inclusiv/Juntos Avanzamos (4/1/20)
• Coronavirus, Economy, Rates, Financial Markets: Where Are We Headed? eTrain webinar—free to PLP subscribers (3/30/20)
• COVID-19 Update: Guidance on Common Questions Recording / Webinar slides PolicyWorks (3/24/20)
• Coping with COVID-19: Your Business Continuity Planning and Preparedness Plan eTrain webinar—free to PLP subscribers (3/23/20)
• Governance During Crisis: Board Leadership Amidst the Corona Virus Outbreak eTrain webinar—free to PLP subscribers (3/23/20)

 

• FinCEN Advisory: Imposter Scams and Money Mule Schemes (7/7/20)
• FinCEN Advisory on Medical Scams and Companion Notice (5/18/20)
• Secret Service Information Alert – Massive Fraud Against Unemployment Insurance Programs (5/14/20)
• CFPB: Learn more about scams related to coronavirus (4/29/20)
• California DBO Consumer Alert: Scams and Unlawful Activities (4/9/20)
• Treasury Inspector General for Tax Administration: Latest IRS-Related Coronavirus Scams
• FTC: Latest COVID-19 related scams