This week: NCUA Board meets, CU advocacy remains top of mind for NAFCU

by NAFCU Newsroom

NAFCU continues to advocate for credit unions to have access to important regulatory and legislative tools and flexibilities that will help them move forward through the pandemic and beyond. Of note this week, the association will monitor the NCUA Board meeting Thursday and update credit unions via NAFCU Today following the meeting.

The board meeting, scheduled to begin at 10 a.m. Eastern Thursday, will be available via livestream on the agency’s website. View the agenda.

Last week, the NCUA unanimously approved by notation vote an interim final rule (IFR) on prompt corrective action (PCA) to provide temporary regulatory capital relief to federally-insured credit unions (FICUs). The IFR was previously on the agenda for Thursday’s meeting.

On Capitol Hill, the House Financial Services Committee is set to markup several bills related to diversity, equity, and inclusion efforts, and more. The House Small Business Committee will also hold a hearing tomorrow to get an update on the Small Business Administration’s (SBA) pandemic response program. In the Senate, the Senate Banking Committee will hold two hearings: One tomorrow on investing in rural communities and one Thursday on clean energy economy.

 

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