The NAFCU Board of Directors today will meet with Federal Reserve Board Governor Michelle Bowman to advocate for and underscore the importance of a strong credit union industry. This marks the third consecutive year NAFCU and Bowman have met to discuss credit union priorities.
As Congress reconvenes for the lame-duck session following the midterm elections, NAFCU Senior Vice President of Government Affairs Greg Mesack wrote to both chambers to highlight several issues that are top of mind for credit unions. In addition, today NAFCU will host a complimentary webinar to detail results of key congressional races and how they will impact the credit union industry. The webinar is scheduled for 3 – 4:15 p.m. Eastern and registration is still available.
The Senate Banking Committee today will hold an oversight hearing with federal financial regulators’ leaders, including NCUA Chairman Todd Harper. Ahead of the hearing, NAFCU sent a letter detailing legislative priorities for credit unions to ensure they can effectively serve their members and operate in a fair regulatory environment.
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NAFCU joined with financial services trades and other organizations to write the Federal Communications Commission (FCC) regarding its crackdown on illegal texts, reiterating the need to ensure these efforts don’t hinder financial institutions and businesses from providing consumers with need-to-know information.
In response to the Cybersecurity and Infrastructure Security Agency (CISA)’s request for information (RFI) on implementing the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA), NAFCU noted in a letter to the agency that the NCUA recently issued a proposed rule to conform its cyber incident reporting requirements with CIRCIA’s framework.
