Newsroom
NAFCU advocacy gears up for Caucus
In less than a month, hundreds of credit union representatives will descend on Capitol Hill to advocate on key issues during NAFCU's Congressional Caucus. While Congress is currently in its August recess, the association's award-winning advocacy team continues to meet with legislative staff on Capitol Hill to secure speakers and is encouraging credit unions to meet with lawmakers while they're in their home districts and states.
NAFCU has a stellar lineup ready for Caucus – happening Sept. 8-11 – including renowned journalists Gretchen Carlson and Major Garrett, President Donald Trump's Acting Chief of Staff and Director of the Office of Management and Budget Mick Mulvaney and Federal Housing Finance Agency Director Mark Calabria.
In addition to the keynote speakers and administration officials, NCUA Board Chairman Rodney Hood and prominent lawmakers are set to address credit union representatives throughout the week. A notable addition to the lineup is:
- NCUA Board Member Todd Harper, who joined the board earlier this year. NAFCU President and CEO Dan Berger met with Harper in April to discuss the association's priorities for the board. Harper has stressed the need for the agency to be innovative, inclusive and independent, and said he plans to focus on capital, liquidity and cybersecurity, as well as consumer protection duties and access to affordable credit for unbanked and underserved consumers.
This week, NAFCU is monitoring the House and Senate's selection of conferees who will reconcile the fiscal year 2020 National Defense Authorization Act (NDAA). The Senate-passed version included a NAFCU-opposed provision that would treat big banks the same as a military installation's local, not-for-profit credit union; NAFCU efforts kept this provision out of the House bill. The association's advocacy team is sharing credit unions' concerns about this potential change and will work to ensure it is not included in the final version of the bill, just as it did last year.
NAFCU also continues to gather support for legislation that would give the NCUA greater flexibility in setting loan maturity limits under the Federal Credit Union Act, and another bill that would exclude veterans' loans from credit unions' member business lending cap.
Credit unions are encouraged to use the association's Grassroots Action Center to learn more about these issues and find contact information to connect with their representatives and senators at home during the remaining weeks of August recess.
These issues and more – such as data security, faster payments, the current expected credit loss standard and marijuana banking – will be among topics covered at Caucus.
Of note, Friday is the deadline to nominate a credit union champion for NAFCU's 2019 Paul Revere Award, which will be presented during Caucus. Credit unions are also reminded to setup Capitol Hill meetings with their representatives and senators; NAFCU has a Hill visit form available here.
Share This
Related Resources
Add to Calendar 2024-05-06 14:00:00 2024-05-06 14:00:00 Overview of Regulation CC Join us for this webinar, Overview of Regulation CC, and you’ll delve into the intricacies of the Expedited Funds Availability Act and Regulation CC. This includes gaining invaluable insights on effectively implementing funds availability requirements, navigating the process of placing holds on deposited items and crafting comprehensive disclosures for your members. Don't miss this opportunity to enhance your understanding of regulatory compliance in the financial landscape. Key Takeaways Know the funds availability requirements Learn what must be included in disclosures Comprehend extended holds Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 18, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Overview of Regulation CC
Credits: NCCO, NCRM
Webinar
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Get daily updates.
Subscribe to NAFCU today.