Newsroom

FOR IMMEDIATE RELEASE

Washington (April 19, 2017) – National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement regarding today's release and scheduling of a hearing by House Financial Services Committee Chairman Jeb Hensarling, R-Texas, of a discussion draft for a new "Financial CHOICE Act" containing repeal the Durbin interchange amendment and implementing numerous other NAFCU-sought regulatory relief provisions for credit unions:

"NAFCU is gratified to see work getting under way on some much-needed regulatory relief for the nation's credit unions," said Berger. "Credit unions continue to strain under the regulatory compliance burdens of the Dodd-Frank Act, and we thank Chairman Hensarling for his recognition of this burden and his leadership in launching a discussion of important reforms."

The House Financial Services Committee has scheduled a hearing on the discussion draft April 26, to begin at 10 a.m. Eastern.

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.orgor @NAFCU on Twitter.

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Falen Taylor
press@nafcu.org