33 We’ll continue to tell your stories and take the right positions on issues—even when others back down. Because to us, it’s personal. We’ll stop at nothing to ensure a legislative and regulatory environment that promotes viability and growth for credit unions. That’s why we’re working tirelessly for you to: GROWTH › Preserve the credit union tax exemption › Ensure credit unions can establish healthy fields of membership to better serve your communities › Revise outdated provisions within the FCUA Act that create structural barriers to growth › Eliminate additional statutory authority for NCUA to assess a Share Insurance Fund premium DATA PROTECTION › Support appropriate but not excessive examinations of credit union cybersecurity and data protection processes › Ensure retailers pay their share for costs associated with data breaches › Oppose efforts to expand interchange caps or other payment restrictions on credit unions › Establish a federal data privacy standard that aligns with NAFCU’s principles on protecting consumers and harmonizing existing laws TECHNOLOGY & INNOVATION › Encourage NCUA to foster strong fintech partnerships to help credit unions provide the products and services your members want and need › Support credit unions’ ability to provide custodial services for digital assets and utilize blockchain technology › Adopt fast, real-time payments implementation to meet changing member expectations and competitive demands REGULATORY RELIEF › Remove the CFPB’s examination and enforcement powers over credit unions › Retain the NCUA Board’s three-member, bipartisan board structure › Oppose efforts to place new restrictions on lending and credit reporting that can threaten credit unions’ ability to meet the needs of your members FAIR MARKET › Ensure all lenders are following the same rules of the road and are protecting consumers by making fintechs, predatory payday lenders and other non-regulated entities subject to oversight › Hold third-party application providers accountable for fraud › Remove or modify the member business lending cap to provide economic stimulus without costing taxpayers nafcu.org/priorities NAFCU | Your Direct Connection to Federal Advocacy, Education & Compliance
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