To: NACUSO Members & Industry Colleagues
From: Jack Antonini, President & CEO
I am sending you a copy of a letter that we sent to members of the House Financial Services Committee's Subcommittee on Consumer Protection and Financial Institutions. The HFSC has scheduled a hearing for today on the topic of "The Future of Banking: How Consolidation, Nonbank Competition and Technology are Reshaping the Banking System." The last piece of potential legislation being considered is a bill regarding "NCUA Oversight of Third Party Vendors Act." We have serious concerns with any such proposed legislation, as outlined in the attached letter.
We are providing to you, so you are aware, a list in case you want to send in letters to the HFSC Subcommittee members, sharing our concerns with unlimited vendor authority for the NCUA.
Letters should go to:
U.S. House of Representatives Committee on Financial Services
Attn: (Add Name of Subcommittee Member)
2129 Rayburn House Office Building
Washington, D.C. 20515
Please let us know if you have any questions by emailing the
