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NAFCU President and CEO Dan Berger discussed top credit union issues, including the need for industry-wide regulatory relief, during a meeting Wednesday with House Financial Services Subcommittee Chairman Andy Barr, R-Ky.

Barr chairs the Subcommittee on Monetary Policy and Trade. The House recently passed a NAFCU-backed qualified mortgage relief bill sponsored by Barr. The bill, the Portfolio Lending and Mortgage Access Act (H.R. 2226), would provide a safe harbor from certain qualified mortgage requirements for residential mortgage loans held on a mortgage originator's portfolio. The bill now awaits Senate action.

NAFCU Vice President of Legislative Affairs Brad Thaler and Associate Director of Legislative Affairs Allyson Browning also attended yesterday's meeting.

NAFCU supports a regulatory and legislative environment that allows credit unions to grow and thrive as part of its 2018 priorities. The association continues to hold meetings with key lawmakers and regulators to further credit unions' message.