Lawmakers in home districts, NCUA Board meets Thursday

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Congress is out this week, but NAFCU is continuing to push credit unions’ concerns about regulatory burden and more. NAFCU also continues to gather input sought by the Senate Banking Committee on credit unions’ regulatory relief needs.Lawmakers in the House and Senate are in a district work period in the coming week, which means lawmakers are at home and accessible to credit union constituents. NAFCU lobbyists, meanwhile, are maintaining ongoing discussion with lawmakers’ staffs about potential legislation for credit union regulatory relief, capital reform, national data security standards for merchants and more.The association testified last week before Senate Banking on credit unions’ current regulatory burdens and ways to help ease those. The committee invited ideas and input on this issue as it considers future legislation, and NAFCU has reached out to members for their input; read more about that here.On the regulatory front, NCUA’s board meets in open session Thursday and is expected to release a proposed rule that would raise the asset-size threshold for a “small entity” from  $50 million to $100 million. That meeting, which will be streamed live (registration is required), will also address a community charter expansion for Taunton FCU (Taunton, Pa.), and a quarterly report on the National  Credit Union Share Insurance Fund. The meeting is at 10 a.m. Eastern. continue reading »last_img

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