NAFCU, working with DCUC, continues NDAA push on the Hill
NAFCU President and CEO Dan Berger, along with Defense Credit Union Council (DCUC) President and CEO Anthony Hernandez, and members of NAFCU's Legislative Affairs team were on Capitol Hill yesterday to continue discussions with lawmakers to ensure that an industry-opposed provision is not included in the final version of the FY2020 National Defense Authorization Act (NDAA). Last year, NAFCU's efforts led House and Senate conferees of the FY2019 NDAA to drop the provision regarding bank leases on military installations.
The provision – if included in the final version of the bill – would treat all banks, including large ones like Wells Fargo, the same as local, not-for-profit credit unions when it comes to nominal leases on military bases. While it was included in the Senate-passed version of the bill, the association's advocacy efforts kept it out of the House bill. NAFCU and DCUC previously teamed up to share credit unions' concerns following the bill's passage. NAFCU believes that enacting this provision would disadvantage credit unions.
While the Department of Defense is not required to offer credit unions space on military bases at a nominal rate, they have chosen to do so because the department "recognizes the value that credit unions bring to our men and women in uniform, in good times and bad."
Credit unions are encouraged to join NAFCU and DCUC in their advocacy efforts by using the association's Grassroots Action Center to contact lawmakers directly and urge them to oppose the provision. During NAFCU's Congressional Caucus earlier this month, hundreds of credit unions held a record number of meetings with lawmakers during which NDAA concerns were directly discussed.
NAFCU's award-winning advocacy team will continue its work to ensure that the provision is not included in the final version of the bill, just as it did lst year. Stay tuned for updates via NAFCU Today as the association vigilantly monitors the conference committee.
Add to Calendar 2021-01-14 14:00:00 2021-01-14 14:00:00 HMDA Fundamentals & Advanced Topics for Accurate Reporting Learn essential HMDA points that will aide both beginners and experienced HMDA personnel in quickly and accurately determining the reportability of transactions and the correct completion of specific HMDA fields. It is easy to get lost in the nuances of the Home Mortgage Disclosure Act. This webinar will cut through the haze and share crucial information for a strong HMDA program, including where to locate the guidance. Topics Covered Revised mandatory reporting and partial exemption thresholds. Defining an application for HMDA. Covered and excluded dwellings including mixed use properties. Excluded transactions including all about temporary financing. Conditional versus final approvals. Special rules for early decisions with missing information. Key Takeaways Helpful hints for a full understanding of requirements and accurate decision making. Where to locate the various types of guidance available. Tips for establishing a solid HMDA program to enhance accuracy and ease testing and scrubbing. Purchase Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until January 14, 2022.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Risk Managers (NCRMs) NAFCU Certified Compliance Officers (NCCOs) Compliance Titles Risk Titles Education Credits NCRMs will receive 1.5 CEUs for participating in this webinar. NCCOs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Helpful hints for a full understanding of requirements and accurate decision making. Where to locate the various types of guidance available. Tips for establishing a solid HMDA program to enhance accuracy and ease testing and scrubbing. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Regulatory Ethics – Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU email@example.com America/New_York public
Credits: NCRM, NCCO, CPE
Credit Unions, Education, Risk Management, Growth & Retention, Current Affairs
Get daily updates.
Subscribe to NAFCU today.