From NAFCU Today <[email protected]>
Subject NAFCU voices concerns with SBA’s changes to its 7(a) lending program
Date May 10, 2023 11:06 AM
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Also: NAFCU-backed legislation expanding Congressional CDFI Fund oversight introduced

May 10, 2023

NAFCU expresses concerns with SBA rules to House Small Biz Committee ([link removed] )

NAFCU Vice President of Legislative Affairs Brad Thaler wrote to the House Small Business Committee Tuesday ahead of its hearing to examine the Small Business Administration’s (SBA) 7(a) lending program.

NAFCU-backed legislation expanding Congressional CDFI Fund oversight introduced ([link removed] )

Representatives John Rose, R-Tenn., and Brittany Pettersen, D-Colo., Tuesday introduced legislation to amend the Riegle Community Development and Regulatory Improvement Act to require the Treasury Secretary or their designee to testify about Community Development Financial Institutions (CDFI) Fund before both the House Financial Services Committee and the Senate Banking Committee annually. NAFCU Vice President of Legislative Affairs Brad Thaler wrote to Rose and Pattersen to express support for the legislation, citing it will “help enable Congress to ensure the Fund is carrying out its intended mission to help low-income and underserved communities.”

NAFCU Reg Committee highlights proposals from CFPB, NCUA ([link removed] )

NAFCU’s Regulatory Committee met Tuesday to discuss the latest issues and proposed rules open for comment, including the NCUA’s request for information (RFI) on climate-related financial risk.

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Reminder: NAFCU Board ballots due today ([link removed] )

Today at 5:00 p.m. Eastern is the deadline to return ballots for NAFCU’s 2023 board elections, which were sent to members via email April 26. 

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