NAFCU launches post-election advocacy with Congress, regulators
As the 2020 election season ends, NAFCU’s award-winning government affairs team is doubling down on its advocacy efforts to secure even more legislative and regulatory wins for the credit union industry in the coming months. NAFCU President and CEO Dan Berger also has a new op-ed detailing what credit unions can expect under President-elect Joe Biden.
“While President-elect Joe Biden begins his transition to the White House, NAFCU is hitting the ground running to ensure policymakers are well informed of the benefits credit unions provide their members and local communities,” Berger said in his CUInsight op-ed. “In fact, we have already been in communication with the Biden campaign to tout the credit union industry and how they can better serve millions of Americans – now, while facing financial hardships and uncertainty in the wake of the coronavirus pandemic, and well into the future.
“With a Biden Administration now set for the next four years, we can expect some changes in leadership at the CFPB and NCUA as well as a new outlook and approach to financial regulation. However, NAFCU will fight to ensure credit unions, as consumer-centric lenders, are not further burdened by regulations meant to prevent the egregious practices of bad marketplace actors,” Berger added.
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