WASHINGTON—NAFCU met at the Treasury Department recently to discuss housing finance reform efforts happening on Capitol Hill as well as credit union priorities for reform.
NAFCU Vice President of Legislative Affairs Brad Thaler, Director of Regulatory Affairs Ann Kossachev and Associate Director of Legislative Affairs Alex Gleason attended the meeting with Treasury's Housing Policy staff.
Federal Housing Finance Agency (FHFA) Acting Director Joseph Otting recently made comments about the administration's and Treasury Department's work on a housing finance reform plan; NAFCU is set to meet with Otting soon.
The issue is on both the Senate Banking and House Financial Services Committees agendas for the 116th Congress; the White House has indicated it would work with Congress to reform the nation's housing finance system and government-sponsored enterprises (GSEs). Senate Banking Committee Chairman Mike Crapo (R-ID) has released an outline of his proposal to overhaul the nation's housing finance system.
NAFCU has previously met with Treasury Department Secretary Steven Mnuchin and Treasury Counselor Craig Phillips, as well as Dr. Mark Calabria, who is awaiting Senate confirmation to serve as FHFA director, to discuss these efforts and share the association's core principles for housing finance reform.