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WASHINGTON—With both the Senate and House back in session this week following the August recess, CUNA and NAFCU said they are following several hearings of interest to credit unions.

WASHINGTON–CFPB Director Kathy Kraninger offered her thoughts on the “four tools” the Bureau uses, and added she has met with NCUA about eliminating any examination duplication that may be taking place.

WASHINGTON–One member of the House of Representatives offered a testimonial for the role of credit unions during brief remarks here.

WASHINGTON–The acting head of the Federal Housing Authority (FHA) outlined “four pillars of reform” the agency recently published as part of plans around reforming the GSEs.

WASHINGTON–Two Capitol Hill staffers and two members of NAFCU’s legislative team offered insights into everything from the general vibe in Washington to what works best when meeting with reps on Capitol Hill to the actual likelihood of GSE reform.

WASHINGTON–The head of Treasury’s Office of Cybersecurity and Critical Infrastructure Protection told credit unions here when it comes to cybersecurity there is one area where many organizations, including credit unions, often come up short.

WASHINGTON–What is the likelihood of CU priorities really passing the current Congress? For another delay in CECL compliance? How many CUs are likely to disappear over the next five years?

WASHINGTON—While failing to “meet expectations,” the 130,000 job gains reported during August are “still a solid report overall,” with both the labor force participation and prime-age employment having shown improvements, according to NAFCU Chief Economist and Vice President of Research Curt Long.

WASHINGTON—Congress has until Sept. 30 to pass the National Defense Authorization Act (NDAA) for fiscal year 2020 and both credit union associations are now back on the Hill lobbying to have language eliminated that would give banks equal access to military bases as credit unions.

WASHINGTON–CUNA has joined with more than 20 other trade groups, including the American Bankers Association, in a joint letter to the CFPB urging it to retain its Qualified Mortgage (QM) safe harbor and product features, but remove the debt-to-income (DTI) requirement for prime and near-prime loans when the government-sponsored enterprises’ (GSEs) "patch" expires.