WASHINGTON—America’s Credit Unions President/CEO Scott Simpson and Head of Regulatory Advocacy James Akin met with White House Office of Public Liaison Director Jim Goyer on Friday to discuss credit unions strong opposition to yields and rewards on stablecoins, among other issue.
Goyer, who also serves as deputy assistant to the president and is responsible for coordinating outreach between the administration and external groups, also discussed the importance of immediately disbursing FY25 Community Development Financial Institutions (CDFI) Fund awards, and the need to award the appropriated FY26 funds in a timely manner, according to the trade group.
America’s Credit Unions said that as the administration examines additional deregulatory actions, banking regulators have quickly acted to provide banks with significant regulatory relief, and Simpson and Akin told Goyer that expediting the nomination and confirmation of Chairman Kyle Hauptman’s replacement, as well as two other board members, is needed to provide similar regulatory relief as banks.
‘Action’ Urged on NCUA Board
As the CU Daily reported here, the Securities and Exchange Commission has announced that Hauptman has been appointed to the Public Company Accounting Oversight Board (PCAOB).
“They urged the administration to take action to ensure NCUA has its full, three-person board in place, providing the needed governance structure to implement regulatory relief parity for credit unions,” America’s Credit Unions said.
