January 30, 2019

Data security, housing finance reform on Senate Banking agenda

hillYesterday, Senate Banking Committee Chairman Mike Crapo, R-Idaho, outlined the committee's agenda for the 116th Congress. Of note, the committee will focus on economic growth and data security, as well as targeted reforms on a variety of issues, including housing finance, capital formation and fintech innovation, among others.

Related to economic growth, Crapo said the committee will look to advance bipartisan legislation, and it will also advance presidentially-appointed nominees and ensure federal agencies implement a variety of laws recently passed by Congress. Read the full agenda here.

NAFCU President and CEO Dan Berger met with Crapo and other members of the committee ahead of the 2019 swearing-in ceremonies. The association also sent its 2019 priorities to congressional leadership, outlining credit unions' top concerns and tenets for the year.

NAFCU has previously urged the committee to address issues such as data security and fintech to ensure consumers are protected and a level playing field. Additionally, the association has shared with the committee its core principles for housing finance reform, which includes credit unions' unfettered access to the secondary mortgage market, as well as the importance of 30-year fixed rate mortgages.