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Hunt shares CHOICE Act praises, suggestions ahead of mark-up

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Emphasizing the need for a positive regulatory environment that allows credit unions to succeed, NAFCU’s Carrie Hunt shared the association’s views Monday on H.R. 5983, the “Financial CHOICE Act,” with leaders of the House Financial Services Committee in a letter sent ahead of today’s bill mark-up.“We praise committee Chairman [Jeb] Hensarling for his leadership in proposing a balanced relief package that includes a number of credit union initiatives,” said Hunt, NAFCU’s executive vice president of government affairs and general counsel.Writing Hensarling, R-Texas, and committee Ranking Member Maxine Waters, D-Calif., Hunt, began her letter by listing a few of the elements that NAFCU believes are necessary for credit unions to succeed in this regulatory environment. Among these, she noted, are the ability to pursue healthy fields of membership that are not limited by outdated laws or regulatory red tape; capital requirements that are appropriate to risk and not “one size fits all”; and an independent federal regulator that can address the challenges of the industry. continue reading »last_img read more

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