Senators recognize CUs’ importance, tout reg relief efforts

The Senate is working toward bipartisan regulatory relief for credit unions, a few senators told hundreds of industry representatives at NAFCU’s Congressional Caucus on Tuesday.

Credit union representatives heard directly from Senate Appropriations Subcommittee Chairman Shelley Moore Capito, R-W.Va., and Senate Banking Committee members Heidi Heitkamp, D-N.D., and Mike Rounds, R-S.D.

Speaking on issues ranging from the regulatory burden caused by the Dodd-Frank Act to the need to hold retailers accountable for data security breaches that occur on their end, senators reaffirmed for Caucus attendees the importance of credit unions in the financial services industry.

 

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