As House Financial Services Chairman Jeb Hensarling (R-Texas) prepares to introduce the latest version of his bill to overhaul the Dodd-Frank Act, credit union trade groups are pushing the chairman to retain or add provisions that benefit their institutions.
"We have previously indicated our support for many provisions of the CHOICE Act; however, certain provisions make it difficult for us to fully endorse the bill," CUNA President/CEO Jim Nussle said in a recent letter to Hensarling.
"While it is true that there has been a historical consolidation trend in the industry, this trend has accelerated since the passage of the Dodd-Frank Act," Carrie Hunt, NAFCU's vice president of governmental affairs and general counsel, said in her letter to Hensarling.
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