July 27, 2017

NAFCU represents CUs in meetings with Crapo, Capito

Senate Banking Chairman Crapo (left) is leading his panel's focus on housing finance reform. Senate Appropriations Subcommittee Chairman Capito also held a hearing Wednesday that included a focus on regulatory relief.

NAFCU's top executives were on Capitol Hill Wednesday in meetings on industry issues with Senate Banking Committee Chairman Mike Crapo, R-Idaho, and Senate Appropriations Subcommittee on Financial Institutions and General Government Chairman Shelley Moore Capito, R-W.Va.

The meetings, involving other financial industry trade representatives, spanned a wide range of regulatory issues of importance to credit unions.

Regulatory relief was the overriding theme during the meeting with Capito, attended by NAFCU President and CEO Dan Berger and addressing topics raised in a recent Treasury report on regulatory relief for credit unions and banks. That report also came up during a subcommittee hearing earlier in the day and featuring testimony from Treasury Secretary Steven Mnuchin, who noted plans for three more reports to come.

Hunt, NAFCU's executive vice president of government affairs and general counsel, attended the meeting with Crapo, which addressed relief issues as well as the banking panel's work on housing finance reform. NAFCU has testified twice in recent months before Senate Banking, focusing on regulatory relief and housing finance, and has supplied the panel – and all of Congress – with a set of housing finance reform principles it wants to see included in any final reform measure.