Newsroom
NAFCU urges passage of Reg Flexibility Act improvements
NAFCU yesterday urged House leaders to support H.R. 527, a bill slated for House action today that would revise the Regulatory Flexibility Act to improve transparency and ensure federal agencies fully consider how small businesses are affected by regulations.
"Strengthening the Regulatory Flexibility Act will help to ensure that small entities have more information about how regulations will impact them and a greater opportunity to meaningfully participate in the rulemaking process," NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt said in a letter to House Speaker John Boehner, R-Ohio, and House Democratic Leader Nancy Pelosi, D-Calif.
Hunt said credit unions and their more than 100 million members "strongly support efforts to ensure that all federal agencies, including agencies with direct jurisdiction over credit unions [including NCUA and CFPB] … appropriately consider the impact of their rules on small businesses."
She also noted NAFCU's backing of NCUA's final rule in 2013 raising the asset-size of credit unions viewed as "small" entities to those with less than $50 million in assets, up from $10 million.
H.R. 527, titled the "Small Business Regulatory Flexibility Improvements Act of 2015," was introduced by House Small Business Committee Chairman Steve Chabot, R-Ohio, and House Judiciary Committee Chairman Bob Goodlatte, R-Va.
NAFCU and other trade associations jointly wrote House members Tuesday in support of the bill.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-05-03 09:00:00 2024-05-03 09:00:00 Blind Spots in the Boardroom Listen On: Key Takeaways: [04:19] For a board to change its practices first it needs to be committed to different outcomes. It takes about 30 times for a board to start to be in a new conversation before they start to get their brain rewired to embody the change [07:24] In merger conversations we lose sight of what is important for the member. We need to look at what the continuing organization will look like and what is the leadership the membership and continuing organization need and deserve. [12:39] An educated board and executive team are a sharper team. When you have sharper leaders in the organization good things come from that. [24:22] If we are not taking care of that relationship with the CEO then we are strategically hampered. With a good CEO evaluation, the board is higher performing, the CEO is more attentive to being high performing, and the relationship is high performing and more genitive. Web NAFCU digital@nafcu.org America/New_York public
Blind Spots in the Boardroom
preferred partner
DDJ Myers
Podcast
Get daily updates.
Subscribe to NAFCU today.