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This week: Congress out on recess; NAFCU continues advocating for CUs
Congress remains on August recess after passing the budget reconciliation package which now awaits President Joe Biden's signature.
At NAFCU, the association will host its Virtual Risk Management Seminar, which begins tomorrow and runs through Thursday. This essential event will provide attendees with an understanding of the most serious internal and external threats facing credit unions today, as well as current risk management methodologies and implementation best practices to keep credit unions safe. View the full agenda.
Here’s a look at other important items of note this week:
· tomorrow, at 2:00 p.m., NAFCU will host a complimentary webinar on how to prepare for NAFCU Certified Risk Manager designation certification (which can be obtained during NAFCU’s Virtual Risk Management Seminar);
· Thursday, comments are due to NAFCU regarding the LIBOR Act; and
· also Thursday, NAFCU will host a webinar, presented by Upstart, where BCU Senior Vice President and Chief Lending Officer Dave Brydun will share how BCU grew its personal loan portfolio while limiting losses and gaining new members.
In addition, NAFCU, with the help of member credit unions, will continue to advocate against the big box bailout, legislation introduced by Credit Card Competition Act Senators Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, which expands section 1075 of the Dodd-Frank Act, also known as the “Durbin Amendment.” The NAFCU-opposed bill would expand interchange price controls by creating a new credit card routing mandate, which would be a direct detriment to credit unions and their members. Member credit unions are encouraged to share a statement with NAFCU that can be used publicly during advocacy efforts.
Also, registration is still open for NAFCU’s 2022 Congressional Caucus, happening in Washington, D.C. from September 11-14. Join NAFCU at the premier credit union lobbying event of the year and engage with lawmakers on behalf of the credit union industry.