WASHINGTON–NAFCU staff met with senior staff of the House Financial Services Committee to discuss the “Financial CHOICE Act” from committee Chairman Jeb Hensarling (R-TX) to discuss reducing the regulatory burden.
Meanwhile, like CUNA, it is now urging credit unions to meet with their elected representatives as they return to their districts and states as Congress is on recess for a month.
“They need to hear from their constituent credit unions on the need for regulatory relief and reforms such as repealing the Durbin amendment,” said NAFCU Vice President of Legislative Affairs Brad Thaler.
Separately, Richard Gose, CUNA’s chief political officer, said the grade group is wrapping up its “Ease The Burden” campaign, which he said reached 600,000 members and generated more than 25,000 messages by CU members to Capitol Hill.
“Nine in 10 who go to the website on Ease The Burden have taken some form of action,” said Gose. “We are now transitioning back to our ‘Strong Credit Unions, Strong Middle Class’ efforts. Part of the reasons we time these the way we do is regulatory burden and CU service to the middle class are important not just as legislative issues but as campaign issues. We feel good about our response.”