The Senate Appropriations Committee released its draft financial services and general government (FSGG) funding package Monday, which includes a number of significant wins for credit unions.
“Though its early in the process, we’re encouraged to see several provisions in the bill that would make it easier for credit unions to better serve their members,” said CUNA Chief Advocacy Officer Ryan Donovan. “We will continue engagement throughout the appropriations process to ensue these provisions remain.”
The bill would place the Consumer Financial Protection Bureau (CFPB) under the appropriations process, which CUNA is strongly in favor of. CUNA has supported previous legislation to accomplish this, and the CFPB under appropriations is a primary goal of CUNA’s Campaign for Common-Sense Regulation.
The bill also funds other accounts of importance to credit unions, including:
Government funding is set to expire Dec. 8. This bill will likely be considered as part of a larger funding package to fund the government through Sept. 30, 2018.
Additional details can be found on CUNA’s Removing Barriers Blog.