This week: Congress works to avoid gov't shutdown, NCUA nominees under consideration
The three-week, short-term funding bill that ended the 35-day partial government shutdown is set to expire at midnight Friday. The House and Senate are expected to consider a longer-term funding solution for the nine affected departments this week to avoid another shutdown.
The bipartisan group of representatives and senators selected to hash out funding details specifically for the Department of Homeland Security (DHS), as part of the deal to end the shutdown, have been working to finalize a compromise on border security and immigration issues. However, there are reports that the two parties are still in disagreement over some aspects, which could prevent a compromise from being reached.
As Congress considers funding for all the affected departments, NAFCU will work to ensure credit union funding priorities, such as full funding for the NCUA's Community Development Revolving Loan Fund (CDRLF), Treasury's Community Development Financial Institutions (CDFI) Fund and the Small Business Administration's (SBA) 7(a) and 504 loan programs, are included. The association will also keep credit unions updated as another partial government shutdown approaches.
In addition, the Senate Banking Committee on Thursday will hold a hearing to consider the nominations of Rodney Hood and Todd Harper to serve on the NCUA Board, and Dr. Mark Calabria to be director of the Federal Housing Finance Agency (FHFA). Both Hood and Harper have previous experience at the NCUA.
The House Financial Services Committee and subcommittees will hold a number of hearings this week that NAFCU will monitor:
- Wednesday, the full committee will examine the homelessness crisis in the U.S. and possible solutions;
- Wednesday, the Subcommittee on Consumer Protection and Financial Institutions will hold a hearing on providing financial services to marijuana-related businesses (NAFCU has flagged for credit unions the compliance risk surrounding this issue); and
- Thursday, the Subcommittee on Housing, Community Development, and Insurance will hold a hearing on affordable housing in rural America.
A House Appropriations subcommittee tomorrow will also hold a hearing to examine how the Department of Housing and Urban Development handled housing contracts during the partial government shutdown.
The Senate could also vote to confirm William Barr to be U.S. Attorney General this week.
Also happening this week:
- tonight, NAFCU President and CEO Dan Berger will discuss federal issues affecting credit unions at the Metropolitan Area Credit Union Management Association's (MACUMA) monthly meeting;
- tomorrow, NAFCU's Regulatory Committee will meet;
- tomorrow, NAFCU is offering a free webinar breaking down the NAFCU Certified Compliance Officer (NCCO) exam;
- Thursday, the NCUA Board will meet (see what's on the agenda here); and
- Thursday, NAFCU is offering a webinar on TRID errors and risks (read more here).
Add to Calendar 2020-05-26 14:00:00 2020-05-26 14:00:00 Corporate Social Media Presence: High Risk, High Reward Having a social media presence has become a near-necessity in today’s constantly-connected world. Social media provides a unique avenue to reach customers (and potential customers) in ways that more traditional media has never been able to accomplish. But in addition to these unique benefits, a company’s social media presence also presents unique risks. Jay Williams, an attorney at Buckley LLP, will discuss these risks, as well as the ways companies can effectively mitigate them. This webinar will address recommended practices for a company’s social media presence, including developing a social media policy, understanding enforcement implications and regulatory guidance. PROGRAM UNDERWRITTEN BY Key Takeaways Review the risks associated with using social media and how to put effective controls in place to manage those risks Discuss the importance of a social media policy and best practices for developing it Identify the unique electronic discovery challenges that social media presents Understand the social media guidelines that financial regulators have developed Register Now For On-Demand Access$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until May 26, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) C-suite executives Marketing staff Communication staff Social media staff Compliance staff Risk staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs 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: Review the risks associated with using social media and how to put effective controls in place to manage those risks. Discuss the importance of a social media policy and best practices for developing it. Identify the unique electronic discovery challenges that social media presents. Understand the social media guidelines that financial regulators have developed. 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: Communications and Marketing – Non-Technical & 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: NCCO, NCRM, CPE
Program underwritten by Mastercard
Get daily updates.
Subscribe to NAFCU today.