Also: NCUA nominee Hauptman outlines priorities to lawmakers; NAFCU-supported language in House-passed NDAA



NAFCU TODAY | The News You Need Daily.

July 22, 2020



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NAFCU, EXIM partner to promote small biz lending [ [link removed] ]
NAFCU and the Export-Import Bank (EXIM) Tuesday signed a two-year Memorandum of Understanding (MOU) aimed at increasing credit union awareness of export financing opportunities offered by the agency and credit unions' participation in them. NAFCU President and CEO Dan Berger and EXIM President and Chairman Kimberly Reed signed the agreement.


NCUA nominee Hauptman outlines priorities during testimony [ [link removed] ]
NCUA Board nominee Kyle Hauptman testified before the Senate Banking Committee Tuesday and previewed his top three priorities for the NCUA if he were to be confirmed. Hauptman was nominated to the NCUA Board by President Donald Trump last month to replace Board Member J. Mark McWatters, whose term officially expired in August 2019.


House approves NDAA with NAFCU-supported language [ [link removed] ]
The House Tuesday passed its version of the fiscal year 2021 National Defense Authorization Act (NDAA). As the bill moved through the House Armed Services Committee and chamber, NAFCU's award-winning advocacy team successfully kept out of the bill a provision that could harm credit unions when it comes to nominal leases on military bases and got an amendment added to make reforms to the Bank Secrecy Act (BSA)/anti-money laundering (AML) regime.






Berger calls for reg relief on Dodd-Frank anniversary in new op-ed [ [link removed] ]
On the 10-year anniversary of the signing of the Dodd-Frank Act, NAFCU President and CEO Dan Berger penned an op-ed in Credit Union Times calling on policymakers to reduce the regulatory burdens credit unions face as a result of the legislation as well as the challenges they are confronting amid the coronavirus pandemic. 


Senate committee advances 2 Fed nominees [ [link removed] ]
The Senate Banking Committee Tuesday advanced two nominations for the Federal Reserve Board of Governors to the full Senate: Economist Judy Shelton and Federal Reserve Bank of St. Louis Director of Research Dr. Christopher Waller.


Information sharing, recordkeeping, more on agenda as Virtual BSA School wraps up [ [link removed] ]
NAFCU's Virtual BSA School, in its reimagined digital format, wraps up today with sessions on a number of important topics, including information sharing, the Office of Foreign Assets Control (OFAC) and recordkeeping.



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