February 26, 2014

NAFCU meets with other trades, corporate CUs

Feb. 26, 2014 – The NAFCU Executive Committee and senior staff participated in several meetings Tuesday with CUNA, corporate credit unions and NASCUS to collaborate on legislative, regulatory and economic issues affecting the credit union industry.

NAFCU President and CEO Dan Berger said the sessions provided a good opportunity to discuss key issues and concerns by all the participants and the credit union industry at large.

"Credit unions face a number of challenges in the financial marketplace, and their regulatory burden has only grown faster over the past year," said Berger. "Tuesday's meetings gave all involved a chance to air key concerns and viewpoints about the political and economic challenges ahead."

The NAFCU and CUNA executive committees, with senior staff attending, met Tuesday in Washington to share information from Capitol Hill and the regulatory agencies of importance to credit unions.

Among the key issues addressed were data security and the need for national merchant data protection standards; the future of tax reform; NCUA's risk-based capital proposal; the role of CFPB in credit union regulation.