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 2019-12-04 14:00:00 2019-12-04 14:00:00 Seeing Fraud in 2020 – Strategies to Prevent It About the Webinar Looking Back at What Types of Fraud Topped 2019 and What's Ahead in 2020 During this webinar, industry experts Tammy Behnke and Ann Davidson will look into their "Fraud Crystal Ball" to provide fraud prevention tips for 2020 and beyond. This webinar will focus on: Fraud losses reported from both the Bond and credit union's perspectives in 2019 Strategies, parameters and layers credit unions can leverage to help detect, prevent, and mitigate fraud in 2020 Watch the Webinar On-Demand Web NAFCU email@example.com America/New_York public
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