This week: America’s Credit Unions engages lawmakers, regulators on industry issues

This week, America’s Credit Unions will monitor several hearings in the House and Senate, as well as the April NCUA Board meeting. In addition, the organization kicks off Regulatory Compliance Certification School in Fort Lauderdale, Fla., and the sold-out Board of Directors and Supervisory Committee Conference in Newport, R.I., today. 

At the NCUA, the board is expected to issue an advance notice of proposed rulemaking on its records preservation program. The board meeting will begin at 10 a.m. Eastern Thursday. Credit unions can view a livestream of the meeting on the agency’s website.   

On Capitol Hill, as arbitration continues to be an issue among policymakers, Rep. Andy Barr, R-Ky., and Sen. Thom Tillis, R-N.C., sent a letter to CFPB Director Rohit Chopra last week arguing the bureau’s recent rulemaking petitions “represent a significant abuse of the CFPB’s power and rulemaking process.” America’s Credit Unions also recently shared concerns about efforts to restrict arbitration, noting analysis of CFPB data shows no connection between the use of arbitration and increased violations of law. America’s Credit Unions’ legacy organizations opposed the original arbitration rule and supported the Congressional Review Act resolution that overturned it in 2017. 

America’s Credit Unions will also monitor and engage with several committee hearings this week, including: 

Stay tuned to America’s Credit Unions for the latest out of Washington. 

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