Newsroom

NAFCU's Regulatory Committee, made up of representatives from federal- and state-chartered credit unions, meets today to discuss the association's 2017 regulatory priorities, including the push for the CFPB to use its Dodd-Frank Act authority to exempt credit unions from certain rulemakings.

Other NAFCU priorities on tap for discussion today:

• ensuring credit unions retain access to the secondary mortgage market;
• quick implementation of the NCUA's field-of-membership rules;
• ensuring credit unions are not held to overly burdensome cybersecurity standards by the NCUA;
• ensuring that payments system changes are cost-effective and scalable for all credit unions;
• getting the Federal Communications Commission to reform its order on the Telephone Consumer Protection Act;
• ensuring the Department of Defense provides additional guidance and clarifies the text of its Military Lending Act rules and pushing the credit card compliance date forward one year, to October 2018; and
• ensuring credit unions are heard during the CFPB's rulemaking process on overdraft programs.

NAFCU's Regulatory Committee meets once a month.