WASHINGTON–Coming off what he described as one of its most successful Governmental Affairs Conferences ever, CUNA’s Chief Advocacy Officer Ryan Donovan said attention this week will be on numerous hearings on Capitol Hill, including two at which representatives of NAFCU will testify.
On the agenda are hearings on cybersecurity and small business, oversight of the FCC, flood insurance and the SBA. Donovan said CUNA will be submitting letters for the record to several committees.
Separately, credit unions are also being reminded by CUNA that the Department of Labor has announced a proposed 60-day delay of its fiduciary rule implementation date, previously set for April 10. Many had anticipated a 180-day delay, as CUToday.info had reported here.
In addition to the delay, CUNA pointed out that the DoL has also made an inquiry over whether the rule impacts the ability of Americans to get access to retirement and financial advice. CUNA said it plans to comment on both parts of the proposal. The comment period closes on March 17.