House passes reg overhaul bill, as Nussle & Berger say they want more

CU trade groups are encouraging members of Congress to tuck regulatory changes into other high-priority legislation.

The House on Tuesday passed S. 2155, the Senate version of a regulatory overhaul bill, but leaders of the two national credit union trade groups say they want additional changes to Dodd-Frank this year.

In separate interviews with CU Times, CUNA President/CEO Jim Nussle and NAFCU President/CEO B. Dan Berger hailed passage of the bill and conceded that the bill does not accomplish all of their goals.

The House passed the measure, 258-195, sending the bill to President Trump for his signature. The administration has indicated that the president will sign the measure.

“This isn’t the biggest thing that has ever passed the Congress, but it’s big because nothing has passed this Congress,” Nussle told CU Times.


continue reading »