NAFCU, Treasury meet on housing finance reform, tech issues

NAFCU met Wednesday at the Treasury Department with Bimal Patel, assistant secretary for financial institutions, and staff to discuss a number of high-priority credit union issues, including housing finance reform, faster payments, cybersecurity, fintechs, and ADA.

NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Director of Regulatory Affairs Ann Kossachev, Senior Counsel for Research and Policy Andrew Morris, and Regulatory Counsel Kaley Schafer attended the meeting.

NAFCU is a leading advocate for credit unions as federal agencies and Congress work to reform the housing finance system. The Trump administration in September released housing finance reform plans from the Treasury Department and Department of Housing and Urban Development, which included a number of the association’s priorities. Treasury coordinated its plan with Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria, with whom NAFCU has met several times.


continue reading »

More News