FOR IMMEDIATE RELEASE

CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; lwilliams@cuna.coop          

Washington, DC (June 16, 2018) – Today Credit Union National Association President/CEO, Jim Nussle released the following statement after President Donald Trump selected Kathy Kraninger to serve as the director of the Consumer Financial Protection Bureau.

“Credit unions have faced an unprecedented amount of regulatory burden over the last several years. We look forward to working with new leadership at the bureau, and urge Ms. Kraninger to protect consumers by addressing bad actors in the marketplace, without unnecessarily limiting the ability of credit unions to serve their members, " CUNA President/CEO Jim Nussle said. "We are hopeful that under her leadership the Bureau will recognize the unique structure of credit unions and the enormous benefit that credit unions provide to American consumers in need of financial services."

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About CUNA   

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.