This week: NAFCU Annual Conference in New Orleans; NCUA to consider RBC rule
Credit union leaders from across the nation will join NAFCU in New Orleans this week for the association's 52nd Annual Conference & Solutions Expo. The conference begins tomorrow with the Defense Credit Union Summit, a workshop for board and supervisory committee members and more. A livestream of NAFCU President and CEO Dan Berger's welcome address will be available here Wednesday at 9 a.m. Eastern.
NAFCU's Annual Conference is the industry's premier strategic planning event for credit union executives and board members. This year's conference is all about big trends and big takeaways to take credit unions into the future – see the full agenda here.
Also happening this week, the NCUA Board will meet Thursday and is set to consider a proposed rule related to risk-based capital (RBC). Last fall, the board delayed its RBC rule by one year, but NAFCU has maintained its advocacy efforts to modify the rule and obtain a longer delay (read more here).
The House and Senate are in session this week, and NAFCU is continuing its advocacy efforts on issues such as the National Defense Authorization Act (NDAA), current expected credit loss (CECL) standard and housing finance reform. The Senate is expected to begin floor discussions on its version of the NDAA this week; NAFCU will continue to advocate against any nominal lease provision that would disadvantage credit unions.
Of note, the Senate Banking Committee holds a hearing Thursday on beneficial ownership collection requirements; a representative from the Financial Accountability and Corporate Transparency Coalition, with which NAFCU works. Lawmakers are currently considering ways to modernize the Bank Secrecy Act and anti-money laundering regime. The committee tomorrow will also consider various nominations, including Federal Reserve Governor Michelle Bowman's full-term nomination.
The House Financial Services Committee also has a number of hearings NAFCU will monitor this week:
- Wednesday, a subcommittee will discuss the impact of trade and tax policy on the economy;
- Wednesday, a subcommittee will examine was to strengthen enforcement against securities law violators;
- Thursday, a subcommittee will review the appraisal industry (real estate appraisals are among NAFCU's priorities for the NCUA to address this year); and
- Thursday, the full committee will discuss ways to increase diversity of corporate leaders.
NAFCU will also monitor this week's meeting of the Federal Open Market Committee.
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