NAFCU to policymakers: 12 key issues for immediate action

As the end of the year approaches, NAFCU’s government affairs team remains hard at work to secure even more wins and relief for the credit union industry. To help bolster these efforts, the association is leading the fight for action on 12 key issues that should be addressed in the congressional lame duck session and with regulators in the transition to a new administration.

As credit unions work to serve over 122 million Americans and their communities, acting on these issues now will help them as they respond to the challenges posed by the coronavirus pandemic and economic recovery.

Here is a look at the NAFCU 12; click each issue for more information and the latest:

  • Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Reform: Ensure passage of the National Defense Authorization Act (NDAA) that includes long-sought BSA/AML reforms and improve the process for obtaining beneficial ownership information. House Financial Services Committee Chairwoman Maxine Waters, D-Calif., recently announced she had secured this provision in the conference committee’s final bill.


continue reading »