WASHINGTON, DC (June 9, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today praised the passage of the Financial CHOICE Act (H.R. 10), which contains NAFCU-supported measures that would, among other provisions, ease some mortgage rules, require a review of appropriate risk capital levels and rein in the CFPB’s authorities. The bill now awaits Senate action.
“NAFCU praises the passage of this important bill that, if enacted, would help provide the credit union industry with much-needed regulatory relief,” said Berger. “We appreciate members of the House and bill author Chairman Jeb Hensarling for recognizing the current regulatory burden facing credit unions, and look forward to working with the Senate to enact meaningful relief for our members.”
The Financial CHOICE Act was introduced by Hensarling, R-Texas, chairman of the House Financial Services Committee, and is meant to revise numerous Dodd-Frank Act provisions.
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.
