Newsroom

September 15, 2017

This week: NAFCU at NCUA, HUD; Senate committee reviews biz tax reform

NAFCU on Wednesday will be at NCUA headquarters for a meeting on small-dollar lending and credit unions' involvement in such lending programs.

NAFCU-member credit union representatives and association senior staff will also attend a meeting at the Department of Housing and Urban Development today with Secretary Ben Carson. Read more here.

Earlier this month, NAFCU hosted a small-dollar lending working group discussion on the CFPB's payday lending rulemaking, among other provisions, with representatives from several NAFCU-member credit unions, Pew Research Center, Center for Financial Services Innovation and Filene Research Institute.

In hearings this week, the Senate Finance Committee will be reviewing business tax reform on Tuesday. While NAFCU lobbyists report that there is currently no threat to credit unions' tax exemption, the association is remaining vigilant in touting its importance to the industry, consumers and the economy as a whole.

The House is in recess this week with lawmakers working out of their home districts. NAFCU encourages credit unions to contact their lawmakers and share their thoughts on the importance of preserving the industry's tax exemption, passing a national data security standard and furthering regulatory relief efforts. More information is available at NAFCU's Grassroots Action Center.

Today, NAFCU President and CEO Dan Berger with other senior staff will brief member credit unions on lawmakers' fall agenda and the NCUA's proposed closure of the Temporary Corporate Credit Union Stabilization Fund and increase in the National Credit Union Share Insurance Fund's normal operating level during a 4 p.m. member-only call-in. Registration is still open.