The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement ahead of today's House Financial Services Committee's mark-up of the Financial CHOICE Act:
"The Financial CHOICE Act contains numerous NAFCU-supported initiatives that will help create an environment allowing credit unions to thrive. Among the most significant aspects of this bill is the repeal of the failed Durbin interchange amendment," Berger said. "The time is now for credit union relief.
"NAFCU thanks Committee Chairman Jeb Hensarling, R-Texas, for introducing this important legislation. We strongly urge committee members to support this bill, including the repeal of price caps that harm consumers. NAFCU will continue its work with Chairman Hensarling and the committee in order to create a better regulatory environment for the credit union industry," Berger added.