National Association of Federally-Insured Credit Unions President and CEO Dan Berger met with House and Senate leaders this week to discuss a range of issues, including regulatory relief for credit unions.
Berger met with U.S. Sen. Mike Crapo (R-ID), the new chair of the Senate Banking Committee, who was told to expect changes to Dodd-Frank Wall Street Reform and Consumer Protection Act, reforms to the housing market, and an overall reduction in regulatory burdens for financial institutions, including credit unions.
The NAFCU president and CEO also met with U.S. Rep. Mark Walker (R-NC), chair of the Republican Study Committee, to discuss the regulatory outlook for credit unions.
“We appreciate the opportunity to meet with Chairman Crapo and Chairman Walker on issues important to the credit union industry,” Berger said. “NAFCU will utilize all channels available for achieving meaningful regulatory relief for credit unions and making a difference for Main Street America.”
Last year, NAFCU got behind a bill Crapo introduced that sought to identify outdated and burdensome rules impacting credit unions. Specifically, it would require all National Credit Union Administration, Consumer Finance Protection Bureau, and Dodd-Frank rules to be re-evaluated as part of the 10-year regulatory review process under the Economic Growth and Regulatory Paperwork Reduction Act.