Sen. Cruz, House Financial Services Committee members to speak at Caucus

by NAFCU Newsroom

Sen. Ted Cruz, R-Texas, and three members of the prestigious House Financial Services Committee are slated to join hundreds of credit union representatives at NAFCU’s Congressional Caucus, Sept. 11-14 in Washington. Caucus is the premier credit union lobbying event of the year, featuring dozens of key administration officials, regulators and lawmakers and more than 200 meetings on Capitol Hill.

Sen. Ted Cruz serves on various committees and subcommittees that deal with credit union issues, including data security and technology and innovation. He has actively advocated against “Operation Choke Point” policies; NAFCU has also opposed such policies that are used by regulators to keep financial services away from a member without a material reason.

Cruz is also supportive of the Bureau of Consumer Financial Protection (formerly the CFPB) expanding the use its exemption authority. NAFCU was the only financial services trade association to oppose subjecting credit unions to the bureau’s authority under the Dodd-Frank Act and continues to press the bureau to exempt all credit unions from its enforcement and supervisory jurisdictions, as well as future rulemakings.

 

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