August 03, 2020

This week: NAFCU keeps up aggressive advocacy push for CU priorities

week aheadNAFCU remains active on Capitol Hill this week, engaging with lawmakers to ensure top credit union priorities including - the paycheck protection program (PPP) loan forgiveness process, National Defense Authorization Act (NDAA), and more - are top of mind.

On Capitol Hill, lawmakers are set to continue discussions on Phase 4 coronavirus relief efforts. The Senate began releasing details of its Phase 4 package last week -  the HEALS Act (Health; Economic Assistance; Liability Protection; and Schools Act) – which includes several NAFCU-supported items related to small business lending. The House previously passed its Phase 4 proposal – the HEROES Act – and NAFCU has continued to share its feedback on the bill with lawmakers.

NAFCU last week joined more than 140 other trade groups to urge the House to support bipartisan legislation that would ease the forgiveness process for smaller PPP loans. More on the association's advocacy to ensure credit union priorities are addressed.

On Wednesday, the Senate Banking Committee is set to vote on Kyle Hauptman's nomination to the NCUA Board. If approved, his nomination will then move to the full Senate. Hauptman previously testified before the committee and outlined his priorities for the board.

NAFCU's Virtual Regulatory Compliance School resumes tomorrow, with sessions on a number of key issues, including Regulation Z, as well as live question and answer sessions. The reimagined conference is designed to help compliance professionals build their comprehensive understanding of federal regulations that impact operations. 

Of note, NAFCU’s complimentary virtual roadshow concluded last week but credit unions can view their state-specific event on-demand.

Additionally, NAFCU Services President Randy Salser Thursday will join Chief Economist and Head of the Mastercard Economics Institute Bricklin Dwyer for a webinar focusing on the latest economic insights and their implications for credit unions.

Also happening this week: