July 18, 2014

This week: Dodd-Frank Act in view, NAFCU A.C. in Vegas

July 21, 2014 – NAFCU this week will be monitoring hearings in Washington on the Dodd-Frank Act's fourth anniversary and the U.S. system of international taxation as the association's 47th Annual Conference and Solutions Expo kicks off in Las Vegas.

The House Financial Services Committee will hold a hearing Wednesday reviewing the impact of the Dodd-Frank Act four years after its enactment. Despite lawmakers' and the administration's acknowledgments that credit unions did not cause the financial crisis, credit unions are still falling under a raft of new rules and regulations designed to prevent another crisis. NAFCU continues to work with Congress and regulators to mitigate the impact of a growing regulatory burden on credit unions.

Also this week:

  • The Senate Finance Committee will hold a discussion of the current U.S. system of international taxation tomorrow. Witnesses include representatives from the Treasury Department, Harvard University and Centre for Tax Policy and Administration, Organisation for Economic Co-operation and Development in Paris, France.
  • The Senate Banking Subcommittee on Housing, Transportation and Community Development will hold a hearing tomorrow titled "Building Economically Resilient Communities: Local and Regional Approaches," with witnesses including the City of Jersey City mayor and Greater Cleveland Regional Transit Authority, among others.

Amid this activity, credit unions from around the country will be joining several association staff at the NAFCU Annual Conference and Solutions Expo, which begins tomorrow at The Venetian Las Vegas Casino, Hotel & Resort. During this week, credit unions will hear from senior staff at NCUA, including Board Chairman Debbie Matz; Fannie Mae Senior Vice President and Chief Economist Doug Duncan; and "Waiting for ‘Superman'" figure Geoffrey Canada.

Tomorrow's program also includes a "private conversation" for conference attendees with NAFCU President and CEO Dan Berger and staff.

NAFCU will keep credit unions updated of the week's activities. For up-to-the-minute information on the conference, download the NAFCU Annual Conference app.