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September 17, 2011

NAFCU Congressional Caucus opens

Sept. 19, 2011 – Political advisor Terry McAuliffe, former chair of the Democratic National Committee, will give credit unions his take on the nation's top policy concerns during his keynote message in today's opening general session of NAFCU's Congressional Caucus in Washington.

The Congressional Caucus, NAFCU's credit union lobbying event of the year, takes place through Wednesday morning at the Mayflower Renaissance Hotel in Washington. The week's program includes a varied and bipartisan lineup of speakers from the House and Senate and federal regulatory agencies charged with regulating credit union operations and services.

Topics for this year's program include the proposed member business lending cap lift, which NAFCU is pressing to have included in legislation aimed at promoting economic and jobs growth. Housing finance reform, deficit reduction, the credit union tax exemption, the role of the Consumer Financial Protection Bureau and more will also be addressed.

Following McAuliffe, today's general session speakers include NCUA Chairman Debbie Matz, NCUA Board Member Gigi Hyland, Rep. Gerry Connolly, D-Va., Rep. Brad Sherman, D-Calif., and Carole Gallante, acting director of the Federal Housing Administration. (Connolly serves on the House Oversight and Government Reform Committee, and Sherman is on the House Financial Services Committee.)

Elizabeth Vale, the CFPB's assistant director of community banks and credit unions, also speaks today.

Tomorrow, Caucus participants will hear from NCUA Board Member Michael Fryzel, House Financial Services Chairman Spencer Bachus, R-Ala., Rep. Patrick McHenry, R-N.C., and Sen. John Cornyn, R-Texas, chairman of the National Republican Senatorial Committee.

Rep. Debbie Wasserman Schultz, D-Fla., current DNC chair, speaks Wednesday along with about a dozen of other members of Congress, among them Sen. David Vitter, R-La., member of the Senate Banking Committee, and Rep. Ed Royce, R-Calif., the chief sponsor of H.R. 1418, the member business lending cap-lift bill.

Additional lawmakers from the House Judiciary, Financial Services, Small Business and Rules committees fill out this week's speaker schedule.