Following up on CUNA President/CEO Jim Nussle’s appearance before the House Financial Services Committee, CUNA submitted a letter to committee chair Rep. Jeb Hensarling (R-Texas) regarding the Financial CHOICE Act, his proposed alternative to the Dodd-Frank Act.
Nussle spoke specifically to Title I of the CHOICE Act during a House Financial Services Committee meeting July 12.
“We believe much more should be done through this or similar legislation to modernize the federal credit union charter with a goal of reducing credit unions’ regulatory burden and expanding consumer and small business access to credit unions,” Nussle wrote in the follow-up letter. “While we certainly appreciate your inclusion of provisions that will help in this regard, we encourage you to go much further to provide relief for credit unions.”
CUNA’s letter addresses other provisions in the CHOICE Act:
CUNA also supports housing provisions such as
Additionally, CUNA noted its support of the Senior$afe Act and limiting Operation Choke Point.