BRIEFLY: ‘Aggressive action’ on COVID-19 relief violations vowed; Call reports due by Sunday; VA has job positions open; Webinar looks at Treasury’s capital investment program

(Jan. 29, 2021) The new acting director of the CFPB said in a statement released Thursday that the bureau will be taking “aggressive action” in response to cases where financial providers have violated COVID-19-related consumer protections. Making public a statement he provided to staff last week, Acting Director Dave Uejio included COVID-19 relief for consumers as one of two priorities he has for the bureau; the other is racial equity … Just a reminder that Jan. 31 (Sunday) is the deadline for filing federally insured credit unions to file their fourth quarter 2020 call reports with NCUA. Also to be updated by that date: the Credit Union Profile, which includes (among other things) information that infrequently changes (including emergency contact information, information systems and technology, member programs and services, and more) … The Virginia State Corporation Commission, Bureau of Financial Institutions, is recruiting for multiple credit union examiner positions. More details available through the NASCUS State Job Announcements page (see link below) … Eligible credit unions interested in the Treasury Department’s Emergency Capital Investment Program can get more information during an upcoming webinar hosted by NCUA next Wednesday (Feb. 3) starting at 2 p.m. Eastern. The one-hour program will discuss the program’s eligibility and application requirements; the financial instrument and terms used for the investment, and whether credit unions can use the investment as secondary capital.

LINKS:
CFPB blog post: The Bureau is taking much-needed action to protect consumers, particularly the most economically vulnerable

Call Report Filing Deadline for the December 31 Call Report Cycle

NASCUS State Job Announcements

NCUA webinar on Treasury Emergency Capital Investment Program