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February 02, 2018

This week: Gov't shutdown looming, cryptocurrency hearing

House and Senate leaders are expected to pass another short-term spending bill this week to avoid another government shutdown that would occur after midnight Feb. 8. NAFCU will keep credit unions updated throughout this week so they can be best prepared.

On Tuesday, the Senate Banking Committee will review virtual currencies and the oversight role of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Witnesses include both the chairmen of the SEC (Jay Clayton) and CFTC (Christopher Giancarlo).

Also this week:

  • On Tuesday, NAFCU is offering the webcast "Handling Safe Deposit Vault Disasters," which will help credit unions overcome safe deposit challenges following natural disasters and tragic events. Learn more about the webcast and register for it here.
  • On Wednesday, a NAFCU webcast will help credit unions learn to better manage third-party programs and the associated risks. Learn more about the webcast and register for it here.
  • NAFCU Regulatory Affairs Counsel Ann Kossachev will attend a session on the role of fintech in financial services markets at the Urban Institute on Thursday.

Congressional hearings of note tomorrow:

  • The House Financial Services Committee will hear the annual report of the Financial Stability Oversight Council.
  • The Senate Health, Education, Labor and Pensions Subcommittee on Primary Health and Retirement Security will explore the 'gig economy' and the future of retirement savings.
  • The Senate Judiciary Committee will hold a hearing on fighting illicit international financial networks through transparency.
  • The Senate Homeland Security and Governmental Affairs Subcommittee on Federal Spending Oversight and Emergency Management will hold a hearing titled: "Terrible, No Good, Very Bad Ways of Funding Government: Exploring the Cost to Taxpayers of Spending Uncertainty caused by Governing through Continuing Resolutions, Giant Omnibus Spending Bills, and Shutdown Crises."

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