NAFCU tomorrow will monitor the House Financial Services Committee mark-up of the Financial CHOICE Act (H.R. 10), slated for 10 a.m. Eastern, and will make credit unions aware of any legislative updates to the bill affecting the industry.

The CHOICE Act contains numerous NAFCU-sought measures, including Durbin interchange amendment repeal and other Dodd-Frank Act reforms. Two separate hearings were held on the bill last week; one which often cited the Dodd-Frank’s impact on the current regulatory environment and credit unions.

NAFCU encourages credit unions to reach out to their members of Congress and seek support for repealing the Dodd-Frank Act’s Durbin amendment through NAFCU’s Grassroots Action Center.

In hearings this week:

• The Senate Banking Committee on Thursday will examine the reauthorization of the National Flood Insurance Program. Slated for 10 a.m. Eastern, the hearing includes witnesses from the Association for State Floodplain Managers and others.

 

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