Charles Purvis, president and CEO of Coastal Federal Credit Union (Raleigh, N.C.), will testify on behalf of the National Association of Federally-Insured Credit Unions (NAFCU) July 20 before the Senate Banking Committee regarding principles for housing finance reform.
Purvis will testify before the panel on NAFCU's core principles for housing finance reform and on ways such reform could affect credit unions and their members' access to mortgage credit
The Senate Banking Committee is looking at a broad array of issues related to reforming housing finance, including how to preserve a secondary mortgage market and the future of entities like Fannie Mae and Freddie Mac, which have been in conservatorship since 2008, as well as the Federal Home Loan Banks.
NAFCU submitted its core principles to the committee in advance of its June 29 hearing on this issue and is urging their inclusion in any final reform plan.
Prepared testimony will be provided in the morning prior to the hearing. Direct any inquiries to ftaylor@nafcu.org.