This week: NAFCU’s award-winning advocacy continues, senators talk blockchain, EU’s GDPR
House members remain in their home districts this week as the Senate continues work in Washington. NAFCU encourages credit unions to set up meetings with lawmakers while they are gearing up for the mid-term elections to talk about issues facing the industry; meanwhile, NAFCU continues its award-winning advocacy efforts on Capitol Hill.
In recent weeks – as a result of NAFCU and credit union advocacy – Congress has made progress on credit union priorities including data security and regulatory relief, and also left the industry’s tax-exempt status untouched in its second push for tax reform. NAFCU is also fighting against efforts to wrap credit unions into the Community Reinvestment Act, and is instead asking that credit unions’ ability to serve underserved areas be expanded as well as their capacity to make more member business loans.
Furthermore, the association is pushing for the withdrawal of a proposed rulemaking that would loosen Volcker rule requirements on big banks.
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