Dallas Bergl will testify on behalf of CUNA before the Senate Banking Committee June 8 for a hearing titled "Fostering Economic Growth: The Role of Financial Institutions in Local Communities." Bergl, CEO of INOVA FCU, Elkhart, Ind. and CUNA board member, will discuss how regulatory burdens are impacting his ability to best serve the financial needs of his members.
“I look forward to speaking to members of the committee about how increasing regulatory costs are creating barriers for my credit union to best serve our members, and to discuss ways Congress can help credit unions and consumers,” Bergl said. “INOVA FCU certainly isn’t alone in feeling the weight of excessive regulation which divert resources from consumer-friendly products and services. Credit unions stand ready to help support members, small businesses and the economy, and we need Congress to act.”
During his testimony, Bergl will highlight several goals that are part of CUNA’s bipartisan, pro-consumer Campaign for Common-Sense Regulation, including changes to the function and structure of the Consumer Financial Protection Bureau. He will also address housing finance reform, modernizing the NCUA’s examination process and more.
The hearing will take place June 8 at 10 a.m. (ET) and will be streamed live on the committee’s website.