Newsroom
This week: NAFCU engaged as COVID relief package moves back to House
Lawmakers in the Senate passed the American Rescue Plan Act – the $1.9 trillion coronavirus relief package – over the weekend after a lengthy vote-a-rama on a number of proposed amendments. The bill – which includes some NAFCU-supported provisions to help small businesses and provide assistance to homeowners and renters – now heads back to the House, which must approve the Senate’s changes, before going to the President’s desk.
NAFCU's advocacy team is also engaging with Congress to gather support for the bipartisan Access to Credit for Small Businesses Impacted by the COVID-19 Crisis Act, H.R. 1471, introduced last week. The NAFCU-sought legislation would provide a temporary exemption from the credit union member business lending (MBL) cap for loans made to small businesses as they recover from the coronavirus national emergency.
NAFCU will continue to keep credit unions updated on the status of both bills and continue to advocate to Congress ways in which it could provide additional tools to credit unions to better support members amid the ongoing pandemic.
Credit unions are encouraged to join the association's advocacy by utilizing NAFCU’s Grassroots Action Center. Through the platform, credit unions can send messages directly to lawmakers, set up local meetings, access background information on important issues, and utilize a variety of tools to take action.
House and Senate committees are also set to hold a number of hearings on key issues:
- tomorrow, the Senate Banking Committee will examine the state of retail investing;
- Wednesday, the House Small Business Committee will hold a hearing on next steps for the paycheck protection program (PPP); and
- the House Financial Services Committee Wednesday will discuss fair access to housing and financial services and on Thursday, a subcommittee will explore policy options to help consumers amid the pandemic.
Additionally, NAFCU's Regulatory Committee, made up of association member credit union representatives, is set to meet on Tuesday to discuss the latest issues affecting the industry.
Credit unions can still participate in this month's Economic and CU Monitor survey by sharing their perspective on the topic of branching; responses are due Wednesday. Data collected from the survey is used to support the association's advocacy efforts on the Hill and with regulators.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically. [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters. [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public
The Evolving Role of the CISO in Credit Unions
preferred partner
DefenseStorm
Podcast
AI in Action: Redefining Disaster Preparedness and Financial Security
Strategy
preferred partner
Allied Solutions
Blog Post
Get daily updates.
Subscribe to NAFCU today.