NAFCU-Backed Reg Relief Bills Advance Out of Committee

FOR IMMEDIATE RELEASE

National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement regarding today's House Financial Services Committee two-day mark-up that addressed Home Mortgage Disclosure Act improvements and tailoring of regulations to limit burdens on affected institutions, in addition to raising the CFPB supervision and examination threshold from $10 billion to $50 billion.

"We thank Chairman [Jeb] Hensarling and the committee for recognizing the regulatory burden facing today's credit unions and for advancing legislation that would provide some regulatory relief," said NAFCU President and CEO Dan Berger. "We are pleased to see a number of these bills get bipartisan support and look forward to continuing to work with lawmakers as these bills now await House action."

NAFCU Vice President of Legislative Affairs Brad Thaler sent a letter to the committee on Tuesday, urging action on the regulatory relief measures that would help credit unions.

The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.

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Jacqueline Ramsay
jramsay@nafcu.org