OKLAHOMA CITY and LEWISTON, Maine (11/30/15)--Members of the House Financial Services Committee, which oversees the financial services industry including credit unions, recently visited local credit unions and their representatives.
Oklahoma credit union CEOs met with U.S. Rep. Frank Lucas (R) at the Credit Union House of Oklahoma in Oklahoma City, the Cornerstone Credit Union League reported (Nov. 23). Lucas is a senior member on the House Committee on Financial Services and serves on the House Committee on Agriculture and the House Committee on Science, Space and Technology.
“Congressman Lucas is a very influential member of the House Financial Services Committee," said Nate Webb, Oklahoma Credit Union Association president (Leaguer). "His visit provided Oklahoma credit union CEOs the opportunity for a frank and open discussion about the many challenges facing the financial services industry.”
During the meeting, Lucas discussed including the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) and the 2016 presidential election.
In Maine, U.S. Rep. Bruce Poliquin (R) continues to make the rounds with the state’s credit unions. His most recent visits included Maine Family FCU’s office in Lewiston, and Maine Savings FCU, Hampden.
“It is helpful that Congressman Poliquin and his staff have identified and recognized the importance of visiting credit unions to hear from Maine consumers and the people who are on the front lines of providing financial services to more than half of the state's population,” said John Murphy, Maine Credit Union League president (Weekly Update Nov. 18). “In his position as a member of the House Financial Services Committee, Congressman Poliquin has an important forum to discuss our issues and offer suggestions that can impact our industry, whether it's reducing regulations, data security and other issues.”
Poliquin said the visits are helpful because he can bring the committee feedback on CFPB and other regulations (Weekly Update).
During his visits to Maine Savings, he reiterated his support to help credit unions grow, expand and create a better business climate in Maine, the credit union reported.