NAFCU Statement on Mark-Up of Housing Finance Reform Bill
Washington (May 15, 2014) - National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement regarding today’s Senate Banking Committee mark-up of the housing finance reform bill from Chairman Tim Johnson, D-S.D., and Ranking Member Mike Crapo, R-Idaho, which was favorably reported out of the committee.
“We applaud the efforts of Senate Banking Committee Chairman Tim Johnson and Ranking Member Mike Crapo and the members of the Banking Committee in advancing housing finance reform,” said Berger. “We still have concerns about the bill and its impact on credit unions, including the potential cost of the proposal and whether it would be workable. It is important that any ultimate housing finance reform package work for credit unions and their 97 million members, and we look forward to working with the full Senate to address our concerns should the legislation come to the Senate floor.”
The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.