Credit unions dodge a tax scare, but new challenges from NCUA, CFPB, and Congress loom—Elizabeth Eurgubian breaks down the regulatory shifts shaping credit unions’ future.
Whew, credit unions dodged the threat of loss of their tax exemption – but don’t think all is smooth sailing for credit unions in today’s turbulent Washington DC. Lots is happening that may impact credit unions, large and small.
On the show is repeat guest Elizabeth Eurgubian, a lobbyist – with the Defence Credit Union Council among her clients – who also has served as NCUA Director of the Office of External Affairs and Communications and Policy Advisor to Chairman Harper. Before that she was deputy chief advocacy officer at CUNA and before that she was a vice president and a lobbyist for ICBA.
Her specialty is regulatory matters and that means NCUA, but also CFPB and other agencies.
In this episode she talks about what’s up with NCUA’s one person board, the shrinking of CFPB, the GENIUS Act and the opportunity presented by stablecoins, and NCUA’s Central Liquidity Enhancements Act and why this matters to smaller credit unions in particular, and also NCUA’s recurring paperwork review and how it’s an opportunity for credit unions to seek changes at the agency.
See: there’s a lot happening inside the Beltway.
