WASHINGTON—Credit unions will be watching today to see if a new NCUA board member will be confirmed by the Senate to join the board.
As CUToday.info reported, Tanya Otsuka has already had her nomination hearing confirmed by the Senate Banking Committee and is now awaiting the confirmation vote. President Biden nominated Otsuka to serve on the agency’s board to fill the seat currently held by board member Rodney Hood, whose term expired in August.
Otsuka is currently senior counsel for the majority staff of the U.S. Senate Banking, Housing, and Urban Affairs Committee under Chairman Sherrod Brown (D-OH), where she has handled the committee’s work on banking and credit union issues since March 2020
“Once again, we reiterate that we look forward to working with her if she is confirmed,” said CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak.
Another Shutdown?
Separately, Otsuka said CUNA will also be paying attention to efforts on Capitol Hill around the continuing resolution to avert yet another government shutdown.
“It's incredibly important, so we look forward to seeing continued work on that,” said Stverak. “I know our credit unions that will be up on the Hill will be looking for information from their members and how they will help federal employees impacted by any possible government shutdown.”
In addition, as both credit union trade groups have been noting for months, they remain wary of any language from the Credit Card Competition Act or the entire Act itself being attached to any larger bills or must-pass legislation, such as that government funding.
CUNA also noted representatives from the Illinois and Iowa leagues are in Washington this week to meet with legislators.
As Winter Approaches, the Price for the Best Daily News Update in Credit Remains a Nice, Cozy Free!
The biggest, best and freshest news reporting in credit unions remains free! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?