Berger urges Senate, House to carry reg relief over finish line

NAFCU President and CEO Dan Berger outlined a number of top legislative items still pending before Congress and asked leaders in the House and Senate in a letter Monday to work with the association to address these issues and bring the credit union industry much-needed regulatory relief.

Regarding regulatory relief, Berger noted how both the House and Senate have acted on comprehensive relief measures supported by NAFCU (The House-passed Financial CHOICE Act (H.R. 10) and the Senate-passed Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155)).  He also noted the difficulties in getting bipartisan and bicameral agreement on legislation and noted that the association is pleased to see reports that the House may act on S. 2155 soon.

“NAFCU is extremely supportive of S. 2155, but also has been supportive of bipartisan measures passed by the House since the start of this Congress,” Berger wrote to Senate Majority Leader Mitch McConnell, R-Ky., Senate Minority Leader Chuck Schumer, D-N.Y., House Speaker Paul Ryan, R-Wis., and House Minority Leader Nancy Pelosi, D-Calif. “NAFCU supports a regulatory environment that allows credit unions to thrive.” He urged the Senate to consider additional relief for credit unions as soon as possible.


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