Resources
NAFCU was the first trade association to call on Congress to provide comprehensive broad-based regulatory relief for credit unions. We remain committed to reducing regulatory burdens on credit unions in order to significantly enhance their ability to create jobs, help consumers, and boost our nation’s economy.
Issue Briefs
Learn more about NAFCU’s advocacy on key credit union issues:
Top Credit Union Asks
NAFCU's highest advocacy priorities for legislation in Congress.
Interchange
NAFCU is urging Congress to reject the Credit Card Competition Act of 2022, legislation that would extend the Durbin Amendment's debit card routing requirements to credit cards.
NCUA Third-Party Vendor Authority
NAFCU believes that cybersecurity, including the security of vendors that credit unions do business with, is an important issue. However, we are opposed to granting additional authority to the NCUA to examine third parties at this time.
Read Vendor Authority Issue Brief
Data Privacy
NAFCU is advocating for comprehensive federal data privacy legislation that preempts the emerging patchwork of state laws and fully respects existing requirements for credit unions under the Gramm-Leach-Bliley Act.
Federal Credit Union Act Modernization
NAFCU has advocated for the modernization of several Federal Credit Union Act provisions that unnecessarily impede credit unions’ ability to compete in today’s environment, including on credit union governance, the member business lending cap, and loan maturity limits.
Read FCU Act Modernization Issue Brief
Underserved Areas and Banking Deserts
In order for credit unions to best serve Main Street America, the federal credit union charter must have modern field of membership (FOM) requirements that allow credit unions to meet the needs of populations in underserved areas and banking deserts.
Read Underserved Areas Issue Brief
Credit Union-Bank Mergers
Despite recent efforts by banking trade groups to attack credit unions and draw attention to the issue, mergers between credit unions and community banks are not new and have occurred over the last decade as the rate of financial institution consolidation has increased.
CFPB Issues
NAFCU is focused on reducing regulatory burden on credit unions and fighting for a level playing field so fintechs do not have an unfair advantage.
Read CFPB Recent Activity Issue Brief
CDFIs
NAFCU is committed to ensuring that CDFIs are able to successfully operate in the underbanked communities that are typically low-income and minority populations.
UDAAP
Through the Dodd-Frank Act, Congress granted the Consumer Financial Protection Bureau (CFPB) the ability to define “unfair, deceptive, or abusive acts or practices” (UDAAP) in any transaction with a consumer for a consumer financial product or service. NAFCU's issue brief will help credit unions understand the regulatory landscape and enforcement expectations under the Bureau's UDAAP authority.
Letters
- Letter to Senate on S. 4674, the Credit Card Competition Act of 2022
- Letter to Senate Banking Committee on S. 4325, the Credit Union Board Modernization Act
- Letter to Energy and Commerce Committee on Data Privacy Legislation
- Letter to Congress on NAFCU 2022 Advocacy Priorities
- Letter to House Financial Services Committee on CFPB Oversight Hearing
- Letter to Senate Banking Committee on NCUA Third-Party Vendor Authority
- Letter to NCUA on 2022 Regulatory Review
- Letter to NCUA on CDFI Certification
- Comment Letter to NCUA on 2022-2026 Strategic Plan
- Letter to Senate Banking Committee on Chairman Harper Nomination Hearing