Credit Union National Association president/CEO Jim Nussle released the following statement after President Barack Obama signed H.R. 22 into law:
“Today the President signed legislation into law that contains the most significant regulatory relief measures for credit unions that we’ve seen pass Congress in nearly a decade. This is a huge victory for credit unions and the over 100 million credit union members CUNA represents. Passage of these three provisions in both the House and Senate is a culmination of years of work by thousands of credit union advocates to help remove barriers and allow not-for-profit financial institutions to better serve their member owners.”