NAFCU's Congressional Caucus continued Thursday with a full slate of speakers representing Congress and federal agencies. All photos are courtesy of Dietsch Photography.
House Financial Services Subcommittee on Financial Institutions and Consumer Credit Chairman Shelley Moore Capito (R-W.V.) included the NCUA's proposed risk-based capital rule. Capito is favored to win a Senate seat in November and could join the Senate Banking Committee.
Sen. Pat Toomey (R-Pa.) spoke at a private breakfast event Thursday morning. He's a member of the Senate Banking Committee.
HUD Secretary Julian Castro spoke in favor of secondary mortgage market reform.
Freddie Mac CEO Donald Layton said he supports a reduced government role in housing's secondary market, and said his GSE has taken steps to reduce taxpayer risk.
Rep. Gregory Meeks (D-N.Y.), Ranking Member of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, spearheaded the Congressional letter to NCUA Chairman Debbie Matz that was critical of the agency's risk-based capital proposal. He expressed continued concern about the proposal Thursday.
Rep. Ed Perlmutter (D-Colo.) discussed the challenges facing marijuana businesses in obtaining financial services. Although recreational marijuana use is legal in Colorado, it's illegal under federal law, which complicates federal compliance for financial institutions.
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