NAFCU, CUs urge support for reg relief bill ahead of Senate vote

by NAFCU Newsroom

The Senate took an important procedural vote yesterday that sets the stage for the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) to pass the Senate, possibly by the end of the week. NAFCU continues to encourage all credit unions to reach out to their senators ahead of the vote to urge them to support the bill.

NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt yesterday sent a letter to Senate Majority Leader Mitch McConnell, R-Ky., and Senate Minority Leader Chuck Schumer, D-N.Y., urging senators to support the bill – which includes regulatory relief measures related to member business lending (MBL) and the Home Mortgage Disclosure Act (HMDA) – as it would positively impact the credit union industry.

The association also ran an ad campaign in Tuesday’s National Journal, urging support for the bill. Creating a positive regulatory environment for credit unions with appropriate and tailored regulations is part of NAFCU’s 2018 advocacy priorities.

 

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