NAFCU set to testify on housing finance reform

NAFCU witness Rick Stafford, president and CEO of Tower Federal Credit Union (Laurel, Md.), will share with lawmakers credit unions’ priorities and concerns with a bipartisan housing finance reform bill during a planned hearing Thursday before the House Financial Services Committee.

Congress’ schedule this week could change following the passing of former President George H.W. Bush.

This will be NAFCU’s 12th overall time testifying during the 115th Congress. Stafford also testified in October 2017 during a hearing on housing finance reform priorities before a House Financial Services subcommittee.

Thursday’s scheduled hearing will focus on draft legislation from House Financial Services Committee Chairman Jeb Hensarling, R-Texas, that would preserve a NAFCU-sought government guarantee to the secondary mortgage market and create more lending opportunities for small lenders.

 

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