FOR IMMEDIATE RELEASE
Contact: Vicki Christner – CUNA Communications; 202-329-9950; firstname.lastname@example.org
Washington, DC (April 25, 2017) – CUNA stands ready to work with legislators to see regulatory relief enacted into law and the CHOICE Act is a good first step, CUNA wrote to House Financial Services leadership Tuesday. CUNA’s letter was sent in advance of Wednesday’s hearing on Chairman Jeb Hensarling’s (R-Texas) CHOICE Act.
“We appreciate that the Committee is taking a bold initial step in the legislative process and we thank Chairman Hensarling for his leadership in this effort,” said Jim Nussle, CUNA president/CEO. “As this and other legislation moves through the process, we will work with the House and the Senate to ensure the legislation ultimately enacted into law meaningfully reduces credit unions’ regulatory burden and maintains important consumer protections.”
Nussle urged credit unions to take advantage of congressional attention on financial regulatory relief last week. He told stakeholders to use CUNA’s Campaign for Common-Sense Regulation resources to tell policymakers to support regulatory relief.
CUNA supports the following provisions in the CHOICE Act:
CUNA has concerns with provisions that would allow federal savings association to operate as national banks, bring NCUA under the appropriations process and others.
CUNA also requested the following proposals be included in the bill: