FOR IMMEDIATE RELEASE
September 10, 2019
Credit Union National Association (CUNA) Official Statement following passage of House Financial Services Committee Bills on Appraiser Requirements and Diversity
“We thank the House for their support of these bills. The Homebuyer’s Assistance Act will bring positive changes to both consumers and lenders in the mortgage market, and the Ensuring Diverse Leadership Act is a much-needed step toward bringing diversity to Federal Reserve Bank leadership,”
- Jim Nussle, CUNA President/CEO
The House passed two bills supported by CUNA on appraiser requirements and diversity Tuesday, the Homebuyer Assistance Act of 2019 (H.R. 2852) and the Ensuring Diverse Leadership Act of 2019 (H.R. 281). CUNA wrote in support of both bills when they were passed by the House Financial Services Committee in July.
H.R. 2852, which passed 419-5, would ensure the Federal Housing Administration’s appraiser requirements are identical to those currently employed by Fannie Mae and Freddie Mac for licensed appraisers.
H.R. 281, which passed by voice vote, would require the Federal Reserve banks to interview at least one candidate reflective of gender diversity and one candidate of racial of ethnic diversity when appointing presidents.
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 115 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. To find your nearest credit union, visit YourMoneyFurther.com.