NAFCU
discusses FOM, nonmember services with NCUA
Members of NAFCU's
Regulatory Affairs and Regulatory Compliance teams Tuesday met with staff from
the NCUA's Office of General Counsel to discuss modernization of the agency’s
field of membership (FOM) and chartering rules. NAFCU has previously shared the
association's general support of the NCUA's recently proposed changes
to its FOM rule, as they would streamline the agency's chartering procedures.
Senate
passes NDAA; House advances FY2020 spending bills
After months of advocacy
by NAFCU and credit unions, the Senate passed the fiscal year 2020 National Defense
Authorization Act (NDAA) that does not include a credit union-opposed provision.
Additionally, the bipartisan spending package is in the Senate for consideration
– following House passage yesterday – and is expected to pass in order to
avert a government shutdown and provide funding through the rest of fiscal year 2020.
NAFCU
sends key agencies 2019 report on CU trends, issues
NAFCU President
and CEO Dan Berger this week sent the association's 2019 Report on Credit
Unions to several agencies to ensure they understand the issues facing the industry
and how credit unions are working to support their 119 million members. Members
of NAFCU's Board of Directors previously met with Federal Reserve Governor
Michelle Bowman to share results from the report.
Free NAFCU Member Call-in Today
Join us as
we review updates on NCUA and CFPB Fall rulemaking agendas, efforts to avert a
government shutdown and NAFCU's advocacy priorities for 2020.
Thaler
to Senate Banking: Advance BSA/AML legislation
NAFCU Vice President
of Legislative Affairs Brad Thaler Tuesday shared the association's support
of S. 2563, known as the ILLICIT CASH Act, in a letter to the Senate Banking Committee.
NAFCU has actively sought Bank Secrecy Act (BSA)/anti-money laundering (AML) regime
improvements and relief for credit unions, and previously shared its support for the House-passed COUNTER Act.
Today:
What's in store for CUs heading into 2020
As 2019 winds down, NAFCU's
Q4 Member Call-In happening today will provide credit unions with important updates
to finish the year strong and ensure readiness for any potential changes coming
in 2020. NAFCU President and CEO Dan Berger will be joined on the call – set
to begin at 4 p.m. Eastern – by Executive Vice President of Government Affairs
and General Counsel Carrie Hunt and other senior staff.
