WASHINGTON—NAFCU President and CEO Dan Berger is again calling on the NCUA board and CFPB Director Richard Cordray to support meaningful regulatory relief for credit unions in 2017.
“The coming year promises to be full of opportunities for regulatory and legislative improvements that will advantage this country’s 106 million credit union members,” Berger wrote in a letter describing the association’s regulatory priorities for the coming year.
Berger emphasized to the CFPB the association’s continued push for the Bureau to use its existing Dodd-Frank Act authority to exempt credit unions from rulemakings. Berger also noted NAFCU’s concerns about the CFBP’s potential overdraft rulemaking and its statements about payday lending, debt collection and arbitration.
Berger emphasized to the NCUA board NAFCU’s push for increased regulatory relief for credit unions’ fields of membership and member business lending. He added that NAFCU will continue to advocate for credit union interests regarding share insurance premiums, NCUA budget management and examination procedures.