Several representatives from NAFCU-member credit unions Wednesday joined members of the association’s advocacy team for a videoconference meeting with Senate Banking Committee Ranking Member Sherrod Brown, D-Ohio. The group thanked Brown for his work with committee Chairman Mike Crapo, R-Idaho, on reforms to the Bank Secrecy Act (BSA)/anti-money laundering (AML) regime, leading the way for its inclusion in the 2021 National Defense Authorization Act (NDAA), and discussed a number of industry issues.
NAFCU President and CEO Dan Berger, Vice President of Legislative Affairs Brad Thaler, and Associate Director of Legislative Affairs Sarah Jacobs attended the meeting, alongside leadership from Ohio-based credit unions, including:
- Atomic Credit Union President and CEO Tom Griffiths;
- CSE Federal Credit Union President and CEO Stan Barnes;
- CINFED Credit Union President and CEO Jay Sigler; and
- Superior Credit Union President and CEO Phil Buell.
The Senate is expected to vote on the House-passed NDAA today, which includes the NAFCU-sought language to make BSA/AML reforms and would require companies to disclose their true beneficial ownership information.
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