House passes NDAA, includes several NAFCU-sought amendments

The House Thursday passed the FY 2023 National Defense Authorization Act (NDAA) in a 329-101 vote. Lawmakers filed over 1,200 amendments to the bill, some of which affect credit unions. The House-passed version of the NDAA includes NAFCU’s longstanding call to protect credit union nominal leases on military installations and prevent efforts to allow all banks to operate rent-free on military bases.

NAFCU-supported bill requiring cost-benefit analysis of CFPB regs introduced in the Senate

Sens. John Kennedy, R-La., Cynthia Lummis, R-Wyo., Tim Scott, R-S.C., and Bill Hagerty, R-Tenn., Wednesday introduced the NAFCU-supported Transparency in CFPB Cost-Benefit Analysis Act. The legislation would help ensure the CFPB does not establish regulations that would result in unreasonable costs or harms to taxpayers, financial entities, or consumers.

NCUA agenda covers asset threshold final rule, mid-session budget, more

The NCUA Board next week will receive a briefing on the agency’s 2022 mid-session budget, as well as a final rule regarding asset threshold for determining the appropriate supervisory office. The meeting, scheduled to begin at 10 a.m. Eastern, will be available via livestream on the agency’s website.

Hurry! $200.00 savings ends TODAY with code CCSAVINGS.

Don’t miss NAFCU’s Congressional Caucus! Advocate for your members on Capitol Hill. Tell lawmakers your story and have an impact in developing key credit union legislation and regulation.

NAFCU Reg Alert reviews Treasury RFC on digital assets

NAFCU sent members a Regulatory Alert Thursday on the Treasury Department’s request for comment (RFC) on the responsible development of digital assets. The RFC seeks public feedback on implications of the adoption of digital assets, such as a central bank digital currency (CBDC), and the changes that could be expected in the financial market and payment system.

5 things to know this week

NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.

NAFCU launches new podcast to talk all things federal policy

 The NAFCU Credit Union Policy Podcast (CUPP), which launched in early July, will have recently sworn in NCUA Chairman Todd Harper as a special guest in next week’s episode to discuss diversity, equity, and inclusion (DEI) within the credit union industry. The CUPP Podcast, hosted by NAFCU Vice President of Regulatory Affairs Ann Petros, takes listeners into the heart of Washington, D.C., to highlight where lawmakers and regulators stand on key credit union issues.