NAFCU steps up push for additional relief as House readies S. 2155 vote

by NAFCU Newsroom

NAFCU’s unrelenting advocacy has led to an agreement between leaders in the both the House and Senate to take up additional bills that would provide much-needed regulatory relief to the financial services industry. While details of these measures are in flux, NAFCU has outlined a number of top legislative items still pending before Congress and has asked congressional leaders to work with the association to address these issues.

Specifically, NAFCU President and CEO Dan Berger has urged congressional leaders to act on:

  • Capital/risk-based capital (RBC) reform: NAFCU is a strong supporter of the Common Sense Capital Relief Act (H.R. 5288), which would allow the NCUA to revisit and reconsider its approach to RBC by delaying the rule’s effective date for two years to Jan. 1, 2021.

 

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