WASHINGTON (9/26/14)--The National Association of State Credit Union Supervisors (NASCUS) has submitted a statement to the Senate Banking Committee for the record of the committee's Sept. 16 hearing. The hearing, which featured testimony from the Credit Union National Association, was about the state of small depository institutions (News Now Sept. 17).
NASCUS urged the committee to take action on several regulatory relief bills, including the Capital Access for Small Businesses and Jobs Act (H.R. 719), the Privacy Notice Modernization Act (S. 635) and the Credit Union Share Insurance Fund Parity Act (S. 2698/S. 2699).
CUNA testified at the hearing in support of those bills and continues to push for their passage during the post-election session.
NASCUS also encouraged the committee to remain engaged in regulatory oversight, pointing to previous support of the Economic Growth and Regulatory Paperwork Reduction Act review process, as well as the oversight by several members of the committee of the National Credit Union Administration's risk-based capital proposal.
Use the resource link below to access News Now coverage of the Sept. 16 hearing.