February 25, 2019

This week: NCUA noms set to advance, NAFCU advocates CUs' positions ahead of key hearings

Capitol HillThe House and Senate return to Washington this week. Committees are holding a number of hearings relevant to credit unions, including on credit bureaus, data security and consumer privacy, serving underserved communities and small business development. The Senate Banking Committee tomorrow is also set to advance the NCUA Board nominees.

NAFCU's award-winning advocacy team will be on Capitol Hill to attend hearings and share credit unions' positions on the issues. Here are the hearings NAFCU will be monitoring:

Agency nominees

  • Tomorrow, the Senate Banking Committee will vote to advance the nominations of Rodney Hood and Todd Harper to the NCUA Board, and Dr. Mark Calabria to lead the Federal Housing Finance Agency (FHFA), among others. Once approved by the committee, the nominations will advance to the full Senate for confirmation. See what issues the nominees plan to prioritize if confirmed here.

Federal Reserve

Data security/consumer privacy

Providing capital in communities

Also happening this week:

  • Today, NAFCU Regulatory Affairs Counsel Kaley Schafer will attend a Women in Housing and Finance event featuring former banking agency executives who will discuss financial services regulation.
  • Tomorrow, NAFCU is offering a webinar to help credit unions identify the compliance risks in implementing changes to credit card portfolios following a merger or acquisition of new accounts. Register here.