The White House. Photo: Diego M. Radzinschi/ALM
America's Credit Unions President/CEO Scott Simpson met with senior White House officials Friday, pressing the administration to fill vacant seats on the NCUA Board and ensure regulatory parity with banks.
Simpson and Head of Regulatory Advocacy James Akin met with White House Office of Public Liaison Director Jim Goyer, who also serves as deputy assistant to the president, to elevate credit union priorities directly with the administration.
According to a readout of the meeting from America's Credit Unions, the central message of the meeting was the urgent need to restore a full, three-member NCUA Board. Simpson and Akin urged the White House to expedite nominations and confirmations to replace Chairman Kyle Hauptman, who has been nominated to serve at the Securities and Exchange Commission, along with two additional board members. They argued that a fully seated board is necessary to implement regulatory relief comparable to steps banking regulators have recently taken for banks.
The delegation also reiterated strong opposition to allowing yields or rewards on stablecoins, warning that such inducements, currently unaddressed in draft digital asset legislation, could distort financial markets. America's Credit Unions has encouraged Congress to prohibit those incentives in future crypto legislation.
In addition, the group pressed for immediate disbursement of FY25 Community Development Financial Institutions (CDFI) Fund awards and timely release of FY26 funds.
Friday's meeting came ahead of this year's Governmental Affairs Conference in Washington, D.C. that begins on March 1. It will mark the first time Scott Simpson has led the conference since taking the top spot at America's Credit Unions in the fall.
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