Newsroom

	Dan Berger said NAFCU's five- point plan is aimed at moving Congress from "debate" mode to "action." - NAFCU photo

Feb. 13, 2013 – NAFCU member credit unions heard the latest on rules to come, some still in the making and the association's five-point regulatory relief plan submitted to Congress Tuesday during yesterday's member-only call-in, "A Credit Union Industry Update."

NAFCU President and CEO Fred Becker opened the call with a look at federal fiscal matters Washington that will have widespread impacts if they aren't dealt with in a timely fashion. The threat of sequestration is one, and that looms at month-end. The other is the stopgap bill, or continuing resolution, that is in place to keep federal agencies and departments working until March 27. The CR is in place because there hasn't been any agreement yet on full fiscal 2013 appropriations.

Becker pointed out this is a good time for credit unions to get their plans together for addressing pay and other issues their members (and staff) may come up against if there are federal government furloughs while these issues are argued in Washington.

On NAFCU's five-point plan sent to Congress Tuesday for credit union regulatory relief, association Executive Vice President of Government Affairs Dan Berger emphasized that the list of relief measures proposed are all based on the input NAFCU has received from its members.

Berger said the House and Senate committees will be devoting their attention in coming weeks to oversight hearings over issues such as the Dodd-Frank Act implementation and federal agency operations. He said NAFCU is hoping to change the mode in Congress from "debate" to "action." "We're meeting with members from both parties on the Hill," he said.

Call-in participants also heard from Vice President of Legislative Affairs Brad Thaler, General Counsel and Vice President of Regulatory Affairs Carrie Hunt, Director of Regulatory Compliance Steve Van Beek and Director of Research and Chief Economist David Carrier.

Tuesday's member call-in is archived and available online to members (login required).