Credit unions had better be ready next year to storm Capitol Hill in support of legislation that would exempt their institutions from many CFPB rules, lawmakers told attendees at NAFCU's Congressional Caucus.
Credit unions appear to be in a particularly good position to make that case in light of the scandal at Wells Fargo, where employees opened some two million accounts in order to meet quotas, they said.
"You have an unbreakable trust," Sen. Joe Donnelly (D-Ind.) told attendees of the Washington gathering.
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