This week: NAFCU Board leads CU advocacy at NCUA, Fed
The NAFCU Board of Directors is in Washington this week and is set to meet with NCUA Board Chairman Rodney Hood and Federal Reserve Board Governor Michelle Bowman to ensure credit union priorities and concerns are heard at the highest levels of government.
Both meetings will happen Thursday. While meeting with Hood, NAFCU board members will share feedback on how the NCUA's rulemakings and priorities are affecting their institutions and what issues credit unions would like addressed (see NAFCU's priorities for the NCUA Board). At the Fed, NAFCU board members will relay insights from the association's Annual Report on Credit Unions and how credit unions are utilizing current and proposed Fed services.
In addition to meeting with the NAFCU board, Hood and NCUA Board Members Todd Harper and Mark McWatters will hear from NAFCU Chief Economist and Vice President of Research Curt Long Wednesday during the agency's hearing on its proposed 2020-2021 budgets. NAFCU has long supported public budget briefings to help ensure transparency and accountability in the budgeting process, and has urged the agency to remain committed to eliminating inefficiencies and redundancies in its operations.
The NCUA Board holds its November meeting Thursday; see what's on the agenda.
The House and Senate are also in session this week working to avert a federal government shutdown before current funding expires Thursday; lawmakers are expected to pass a one-month extension while continuing discussions on longer-term funding bills. NAFCU is also monitoring the National Defense Authorization Act (NDAA) conference committee for release of the final text to ensure the credit union-opposed provision related to nominal leases is not included.
Also happening on Capitol Hill this week:
- tomorrow, the House Financial Services Committee will hold a hearing on private fund practices;
- tomorrow, a House Small Business subcommittee will discuss ways to increase opportunities for small businesses in infrastructure;
- Wednesday, a House Financial Services subcommittee will hold a follow-up hearing to the one NAFCU testified at on minority depository institutions, this one featuring regulators, including the NCUA;
- Thursday, the House Financial Services Task Force on Financial Technology will review the role of big data in financial services;
- Thursday, the Senate Banking Committee will consider a number of nominations, including Brian Montgomery – with whom NAFCU has met – to be deputy secretary of Housing and Urban Development, and will also hold a markup on S. 2877 – the Terrorism Risk Insurance Program Reauthorization Act.
NAFCU is offering two webinars this week: one on the SAFE ACT and another on Bank Secrecy Act challenges and dealing with current fraud schemes.
Add to Calendar 2020-07-09 14:00:00 2020-07-09 14:00:00 Cannabis Banking Issues The cannabis industry continues to pose a fascinating mix of competing opportunities and risks – particularly from an anti-money laundering (AML) perspective. Changing societal opinions and business opportunities can conflict with daunting legal landscapes and a spectrum of potential risks. Navigating the AML risks can be particularly difficult. Key Takeaways Review the current status of cannabis and hemp laws: the state vs. federal regimes Discuss recent enforcement actions involving cannabis Understand how to manage the specific AML risks presented to credit unions Walk through possible legislative reform for cannabis and financial services 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 July 9, 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) Compliance staff Risk staff Audit staff Legal 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. NCBSOs 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 current status of cannabis and hemp laws: the state vs. federal regimes. Discuss recent enforcement actions involving cannabis. Understand how to manage the specific AML risks presented to credit unions. Walk through possible legislative reform for cannabis and financial services. 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: 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, NCBSO, CPE
Add to Calendar 2020-07-08 11:00:00 2020-07-08 11:00:00 NAFCU Roadshow: Issues Facing Wisconsin & Illinois Credit Unions During COVID-19 Please join us on Wednesday, July 8 at 11:00 a.m. ET (1:00 p.m. CST) as we host a special webinar for Wisconsin and Illinois-based credit unions. During the webinar, NAFCU President and CEO Dan Berger will discuss what credit unions should expect in the coming months amid the COVID-19 pandemic and what NAFCU is doing to help credit unions during this difficult time. COVID-19 isn’t stopping NAFCU from what we do best; engaging with credit unions. Key Takeaways Review the Small Business Administration’s Paycheck Protection Program; Discuss regulatory relief; Learn more about what’s happening on your behalf in meetings with the NCUA and CFPB; Walk through market specific performance trends; And more! Note: The information in this webinar is tailored to Wisconsin and Illinois-based credit unions. Register Now For On-Demand AccessRegistration is complimentary, but you must register to attend.One registration gives your entire credit union access to the on-demand recording until July 8, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? Wisconsin and Illinois-based credit unions Education Credits This webinar doesn't qualify for any continuing education credits recognized by NAFCU or NASBA. 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 firstname.lastname@example.org America/New_York public
Program underwritten by Franklin Madison
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