All eyes were on the House of Representatives last week as members elected a Speaker to lead the Chamber. On the 15th ballot early Saturday morning, Rep. Kevin McCarthy, R-Calif., obtained the votes needed to secure the top position. Following the vote, House members were officially sworn-in for the 118th Congress. The Senate also convened and new members were sworn in, but unlike the House, leadership remains unchanged from last Congress. The Senate is now in recess until late January, and during that time NAFCU’s award-winning advocacy team will continue their work on Capitol Hill meeting with lawmakers to strengthen the industry.
In a new post on NAFCU’s Compliance, Risk, & BSA Network, Vice President of Regulatory Affairs Ann Petros summarizes the Fall 2022 Rulemaking Agendas from the NCUA, CFPB, Financial Crimes Enforcement Network (FinCEN), and other regulators. Of note, NAFCU detailed the rulemaking agendas in a previous NAFCU Today story.
NAFCU Regulatory Affairs Counsel James Akin called on the Small Business Administration (SBA) to rescind or pause all movement on its proposed rulemaking that would allow new lenders to apply for a license to offer SBA-backed 7(a) small business loans until the proposal’s impacts – related to fintechs and the SBA’s proposed changes to the affiliation and lending criteria rule – are better understood.
Let us help you grow professionally and take your CU to the next level. Save on all NAFCU Conferences and online training subscriptions. Use code HOLIDAY for $300.00 off by 1/13/23. You can use the code as many times, and for as many people, as you want!
The Bureau of Labor Statistics issued the final 2022 jobs report Friday, which revealed that the unemployment rate fell from a downwardly revised 3.6 percent to 3.5 percent in December. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report.
Missed the deadline to save $300 on NAFCU’s 2023 conferences and online training subscriptions? No worries! The association has extended the HOLIDAY savings to this Friday, Jan. 13. The code HOLIDAY can be used as many times, and for as many people, as credit unions would like by 11:59 p.m. Eastern Friday.
Credit Union volunteers will hear from innovative leaders on the economy, the state of the industry, financial investment, how to serve their CU most effectively, and more! Use the code HOLIDAY to save $300.00 on your registration.
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