NAFCU President and CEO Dan Berger Tuesday sent a letter to the House, voicing major opposition to the recently introduced House version of the Credit Card Competition Act of 2022 (CCCA). Berger explained why the House companion, led by Representatives Peter Welch, D-Vt., and Lance Gooden, R-Texas, poses the same risks to consumers and Main Street as its Senate counterpart.
NAFCU Senior Vice President of Government Affairs Greg Mesack wrote to the House Committee on Financial Services ahead of the hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.”
NAFCU Tuesday joined the Defense Credit Union Council and CUNA in a letter to the Senate Armed Services Committee (SASC) vocalizing credit union concerns with potential amendments that could be added to SASC’s version of the fiscal year 2023 National Defense Authorization Act (NDAA) of the final NDAA conference report. Throughout the letter, the group reiterated opposition to language that would provide the NCUA with third-party vendor authority, while supporting the inclusion of the Secure and Fair Enforcement (SAFE) Banking Act, the Central Liquidity Facility Enhancement Act, and the Fair Hiring in Banking Act.
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In the latest insight post on NAFCU’s ONES + CFPB Supervision Network, NAFCU Vice President of Regulatory Affairs Ann Petros shares a recap of last week’s Fall Large Credit Union Summit. The event brought together credit union leaders to discuss key issues affecting their institution and the industry as a whole.
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