Newsroom

Credit unions will hear from lawmakers and policy makers who are shaping discussions at the federal level on credit union regulatory relief, NCUA budget transparency and more during NAFCU's Congressional Caucus this September in Washington.

The Congressional Caucus, NAFCU's credit union lobbying event of the year, is moving to the Hyatt Regency Washington on Capitol Hill. Scheduled Sept. 14-17, the event will bring hundreds of credit union leaders to Washington to talk about key issues, meet with lawmakers and hear the latest on legislation and regulation affecting them.

Confirmed speakers include:

• Sen. Sherrod Brown, D-Ohio, the ranking member of the Senate Banking Committee;
• Freddie Mac CEO Donald Layton;
• Rep. Patrick McHenry, R-N.C., both the U.S. House Chief Deputy Majority Whip and vice chairman of the House Financial Services Committee;
• Rep. Bill Huizenga, R-Mich., chairman of the House Financial Services Subcommittee on Monetary Policy and Trade;
• Rep. Blaine Luetkemeyer, R-Mo., chairman of the House Financial Services Subcommittee on Housing and Insurance;
• Rep. Mick Mulvaney, R-S.C., member of the House Financial Services Committee;
• Rep. Ed Royce, R-Calif., member of the House Financial Services Committee.

The above lawmakers are chief sponsors of several bills pushed by NAFCU and its member credit unions. Brown sponsored legislation last Congress (and mirrored in new bills this year) to provide statutory relief from yearly privacy notice requirements. Huizenga is chief sponsor of H.R. 685, the "Mortgage Choice Act," which would adjust the Truth in Lending Act to exempt affiliated title charges and certain escrow charges from the qualified mortgage cap on points and fees.

Luetkemeyer is a chief sponsor of bills providing privacy notice relief and requiring a study of the impact of RBC2 on mortgage servicing assets. Mulvaney is a chief sponsor of H.R. 2287, which would subject NCUA's draft budget to public notice and hearings, as well as H.R. 1176, which would require the Government Accountability Office to study every aspect of NCUA's budget.

Royce is a chief sponsor of legislation that would raise the statutory credit union member business lending cap and to exclude from the cap loans for the purchase of one-to four-unit, non-owner-occupied buildings.

The Congressional Caucus, sponsored by NAFCU Services Corporation, MasterCard and CUNA Mutual Group, is open to NAFCU members and nonmembers. July 17 is the deadline for early registration discounts.

Follow the #NAFCUCaucus hashtag for the latest information on Caucus.