WASHINGTON–Dallas Bergl, CEO of INOVA FCU in Elkhart, Ind., and a CUNA board member, will testify on behalf of the trade group before the Senate Committee on Banking, Housing and Urban Affairs June 8 during a hearing titled “Fostering Economic Growth: The Role of Financial Institutions in Local Communities.
“I look forward to speaking to members of the committee about how increasing regulatory costs are creating barriers for my credit union to best serve our members, and to discuss ways Congress can help credit unions and consumers,” Bergl said in a statement. “INOVA FCU certainly isn’t alone in feeling the weight of excessive regulation, which divert resources from consumer-friendly products and services. Credit unions stand ready to support members, small businesses and the economy, and we need Congress to act.”
During his testimony, CUNA said Bergl will highlight several goals that are part of the trade association’s “bipartisan, pro-consumer Campaign for Common-Sense Regulation, including changes to the function and structure of the Consumer Financial Protection Bureau.” He will also address housing finance reform, modernizing the National Credit Union Administration’s examination process and more.