This week: NAFCU eyes Nov. 6 elections, CECL implementation talks, Fed rates meeting

Americans will vote tomorrow in the midterm elections. Pre-election polling continues to hint that Democrats are poised to possibly win control of the House in the next Congress while the Senate is expected to remain in Republican hands. NAFCU’s award-winning advocacy team remains active on Capitol Hill on top industry issues.

NAFCU is engaged in tomorrow’s elections and will provide analysis following the results. Ahead of the elections, credit unions can gain some insights from this Q&A with NAFCU Director of Political Affairs Chad Adams.

The current Congress is expected to return to Washington next week for a lame duck session. NAFCU is pushing for relief under the Bank Secrecy Act, data security and NCUA’s risk-based capital (RBC) rule before the year’s end. NAFCU will also be engaged as the Senate is expected to take up a number of pending nominations, which could include Kathy Kraninger to lead the Bureau of Consumer Financial Protection; Rodney Hood’s nomination to serve on the NCUA Board has yet to be taken up by the Senate Banking Committee.


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