NAFCU’s Berger, Staff Talk Reg Reform With Congressman

WASHINGTON—NAFCU President and CEO Dan Berger met with House subcommittee Chairman Andy Barr (R-KY) here to discuss regulatory relief and housing finance reform that considers credit unions' needs.
The discussion also touched on data security and credit union concerns about flood insurance. NAFCU noted that it supports a multiyear long-term reauthorization of the National Flood Insurance Program, which is now being considered by the House Financial Services Committee, of which Barr is a member.
Berger was accompanied at the meeting by NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Vice President of Legislative Affairs Brad Thaler and Associate Director of Legislative Affairs Allyson Browning.
Barr is chairman of the House Financial Services Subcommittee on Monetary Policy and Trade and is a member of the Subcommittee on Financial Institutions and Consumer Credit. He has introduced several NAFCU-backed measures including the “Taking Account of Institutions with Low Operation Risk (TAILOR) Act,” the “Taking Account of Bureaucrats’ Spending (TABS) Act” and the “Portfolio Lending and Mortgage Access Act.” The "TAILOR Act" was reintroduced in the House in February with Barr as a cosponsor; the bill would require that rules be tailored to fit financial institutions’ business models and risk profiles.