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Ex. AGY-FED-FINANCIAL-033 Context (guidance or announcement) Primary source read

Letter to Credit Unions 20-CU-04

Responsible Small-Dollar Lending in Response to COVID-19

NCUA · United States; National Credit Union Administration (federal) (Federal)

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The COVID Project
Context, not an order

This record is guidance or an announcement kept for context. It is not counted among the orders in force.

The record

Jurisdiction
United States; National Credit Union Administration (federal)
Level
Federal
Authority
12 U.S.C. § 1766(a)
Issued
2020-03-01 Mar. 1, 2020
Effective
2020-03-26 (joint statement date) (read as 2020-03-26)
End
Not rescinded within the period (read as 2021-09-30)
In force
Mar. 26, 2020 to Sept. 30, 2021
Quarters
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
Limitation types
Other
Addressees
  • federally insured credit unions
Functions reached
  • CL consumer lending
  • CB members
Character
context
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

Your credit union has the potential to provide members responsible credit products that will help them weather [the financial effects of COVID-19].

Enforcement

Supervisory

Notes

Transmits the March 26, 2020 interagency small-dollar lending statement (Federal Reserve SR 20-7 / CA 20-5; FDIC FIL-26-2020; OCC Bulletin 2020-25)

Retrieval note

Month-dated letter (March 2020). Cite it as context and cite the underlying order, statute or emergency rule it describes as the instrument. (Bulletins whose operative text imposes a mandatory duty on licensees under the regulator's own authority are excluded from this downgrade and listed separately for review.)).

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.