This week, NAFCU will continue to fight for industry priorities, most notably through fierce opposition of the House and Senate versions of the Credit Card Competition Act. Credit unions are encouraged to keep up the grassroots push against this legislation. On the Hill, late last week Congress adopted, and President Joe Biden signed, a continuing resolution to fund the U.S. government through Dec. 16.
NAFCU consistently advocates for continuous government funding to provide stability and certainty to credit unions and their members and will ensure credit unions are up-to-date on the latest regarding federal funding.
In addition to providing funding for federal agencies through Dec. 16, the stopgap bill extended the authorization for the National Flood Insurance Program (NFIP) through Dec. 16. NAFCU has supported the long-term reauthorization and continued modernization of the NFIP. Both the House and Senate now have no planned votes scheduled until after the November 8th midterm elections as members return home to campaign.
Of note, NAFCU will host its Q3 Member Webinar tomorrow, Oct. 4, at 4:00 p.m. Eastern, where NAFCU President and CEO Dan Berger and other association leaders will review the latest from Washington, including a recap of updates from the third quarter of 2022.
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