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March 26, 2019

NAFCU, Treasury's Phillips meet on housing finance reform

Treasury DepartmentNAFCU President and CEO Dan Berger and other NAFCU leaders will meet today with Treasury Department Counselor Craig Phillips to discuss housing finance reform efforts and other regulatory issues important to credit unions. NAFCU is leading efforts to ensure credit unions' unfettered access to the secondary mortgage market in any housing finance reform solution.

NAFCU has met with Phillips multiple times to share its core principles for housing finance reform, and recently met with Treasury's Housing Policy staff. Phillips previously indicated that the Trump administration is working on housing finance reform and plans to build on recommendations released in June 2018. NAFCU has called on the administration to work with Congress to develop a comprehensive solution to reforming the housing finance system.

NAFCU Vice President of Legislative Affairs Brad Thaler and Director of Regulatory Affairs Ann Kossachev will join Berger at today's meeting with Phillips.

The association is focused on housing finance reform this week:  NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt tomorrow is set to deliver the association's first testimony of the 116th Congress to the Senate Banking Committee on the issue, and the group will also meet with Federal Housing Finance Agency (FHFA) Acting Director Joseph Otting.