Fed’s Bowman confirmed to full term

Michelle Bowman was confirmed by the Senate last week to a full, 14-year term on the Federal Reserve’s Board of Governors. She was confirmed in November for a term that was set to expire Jan. 31. NAFCU and its Board of Directors are set to meet with Bowman later this year to review the association’s Annual Report on Credit Unions.

At her first nomination hearing, the former Kansas state bank commissioner offered support for reducing the regulatory burden facing community-based financial institutions by better tailoring regulations.

NAFCU’s Annual Report on Credit Unions is based on feedback received member credit unions on their greatest strategic challenges. NAFCU serves as the industry’s Washington Watchdog and the report allows the organization to report members’ concerns directly to the highest levels of office. The publication has been referenced by the Treasury Department.

 

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