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Sen. Mike Crapo, R-Idaho, expected to be next Senate Banking Committee chairman, and House Financial Services Committee Chairman Jeb Hensarling, R-Texas, were profiled as the chief agents in any Dodd-Frank Act rewrite next year in a Wall Street Journal article Monday.

The WSJ noted Crapo's history of compromising with Democrats and Hensarling's staunch opposition to overregulation. "The two conservatives share a desire to attack the landmark 2010 law … But they may not agree on the means to do it, or just how far to go," the article says.

Hensarling this year introduced the "Financial CHOICE Act," an alternative to Dodd-Frank containing several NAFCU-supported measures, including initiatives for credit union regulatory relief and a proposed repeal of the Durbin amendment.

NAFCU President and CEO Dan Berger and two NAFCU-member CEOs recently met with Hensarling in Dallas to discuss his legislation and credit union issues.

Last year, Crapo introduced legislation that would ensure all NCUA, CFPB and Dodd-Frank Act rules are evaluated in the 10-year regulatory review process under the "Economic Growth and Regulatory Paperwork Reduction Act," which seeks to identify rules that are unnecessary, outdated and overly burdensome. NAFCU supported the measure and Crapo's efforts to address credit unions' ever-increasing regulatory burden.