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September 21, 2016
Berger, in Morning Consult, touts reg relief for CUs
NAFCU President and CEO Dan Berger reiterated credit unions did not cause the financial crisis in an interview with Morning Consult, which also quoted lawmakers at NAFCU's Congressional Caucus agreeing that credit unions are in need of regulatory relief.
In the article, Berger also reiterates NAFCU's position that credit unions should not be under the regulatory authority of the CFPB. "We don't think we should be part of it," Berger said.
The article notes the Wells Fargo scandal that is being examined by regulators and on Capitol Hill, and it quotes Berger urging regulators and lawmakers to keep in mind "the critical difference of credit unions and the valuable services they provide to nearly 105 million Americans."
The article also covered lawmakers' discussion at Caucus Wednesday of the relief that would be provided under the "Financial CHOICE Act" authored by House Financial Services Committee Chairman Jeb Hensarling, R-Texas.
In the article, Berger also reiterates NAFCU's position that credit unions should not be under the regulatory authority of the CFPB. "We don't think we should be part of it," Berger said.
The article notes the Wells Fargo scandal that is being examined by regulators and on Capitol Hill, and it quotes Berger urging regulators and lawmakers to keep in mind "the critical difference of credit unions and the valuable services they provide to nearly 105 million Americans."
The article also covered lawmakers' discussion at Caucus Wednesday of the relief that would be provided under the "Financial CHOICE Act" authored by House Financial Services Committee Chairman Jeb Hensarling, R-Texas.
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