This week: NAFCU advocacy continues with bureau meeting, Kraninger vote slated

The Senate remains in Washington this week as the House continues August recess. Continuing its award-winning advocacy efforts with lawmakers and regulators, NAFCU on Thursday will meet with Tom Pahl, policy associate director for research, markets and regulations at the Bureau of Consumer Financial Protection (previously the CFPB). Also that day, NAFCU staff will attend a joint trades meeting on housing finance reform.

NAFCU also continues its outreach to lawmakers – both in Washington and those in their home districts – on credit union issues such as regulatory relief and data security and encourages credit unions to do the same. The association continues to build its top-notch speaker list for the upcoming Congressional Caucus – Sept. 11-14.

On Thursday, the Senate Banking Committee is expected to vote on the nomination of Kathy Kraninger to lead the bureau. During her nomination hearing before the committee last month, Kraninger said that rulemakings by the bureau should be tailored “to reduce the burden of compliance, particularly on consumers and smaller marketplace participants.”

The committee is expected to clear her to serve in this capacity, which would move her nomination to the full Senate for a final vote.


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