House, Senate Taking Long Recess; 1st Chance for Comment from New NCUA Board

WASHINGTON–Both the House and the Senate are in recess for two weeks and both trade groups are urging credit unions to meet with senators and congressmen in their home states and districts.


The two-week recess is a longer than usual break for Congress, which means many are more likely to appear at various events.

NAFCU’s VP-Legislative Affairs Brad Thaler told it is encouraging CUs to address any of a number of priority issues, including new legislation that excludes loans made to veterans from the member business loan cap, CECL, data security and privacy, and loan maturity limits.

Thaler said it’s also a good time to reach out to their representatives’ Washington offices, as well, as they are less busy during a recess.

Meeting of New NCUA Board

Meanwhile, this week will also mark the first meeting of the newly reconstituted NCUA board, with new Chairman Rodney Hood and new Board Member Todd Harper. Former chair J. Mark McWatters remains on the board, giving it three members for the first time in several years.

“It will be interesting to see what they say on the record for the first time,” said Thaler. will have full coverage from the Thursday meeting of the NCUA board.

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Copyright Year: 2019
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