Posted July 14th, 2016 No Comments
Jim Nussle Testifies Before House Financial Services on Dodd-Frank

Also, CUNA’s Ryan Donovan shares a recap of 2016’s 360-degree advocacy victories and charts a path forward.

CUNA has notched several victories on the advocacy front in the first half of 2016, said CUNA Chief Advocacy Officer Ryan Donovan. In the most recent Advocacy Update, Donovan outlines the successes of CUNA’s 360-degree advocacy approach, and the possibilities for future wins in the second half of 2016.

Wins on the regulatory front include the NCUA finalizing its member business lending rule, credit unions sending more than 8,000 comment letters in support of the agency’s field-of-membership proposal and more.

CUNA has also seen victories in congressional pressure on the Consumer Financial Protection Bureau to use its statutory exemption authority, and on the judicial front in its Home Depot data breach case and interchange surcharge case.

In the video, Donovan also outlines CUNA’s plans for a charter enhancement effort and continuing litigation strategy to achieve its public policy goals going forward.

CUNA’s Jim Nussle Testifies on Dodd-Frank Overhaul

CUNA President/CEO Jim Nussle testified before the U.S. House Financial Services Committee at a hearing titled “Making a Financial Choice: More Capital or More Government Control?”

The hearing focused on committee Chair Rep. Jeb Hensarling’s (R-Texas) proposed alternative bill to the Dodd-Frank Act. This was Nussle’s first time testifying on Capitol Hill as President and CEO of CUNA.

“CUNA’s voice, which represents the nation’s credit unions and 100 million members, will bring a strong message to Congress about the negative impact regulatory burden has had on credit unions, how they fared in the financial crisis, and how the provisions in Title I would help credit unions without jeopardizing safety and soundness,” Nussle said.

Hensarling’s bill also includes language from a number of CUNA-supported bills. The language would extend regulatory relief to mortgage lending, including needed changes to data reporting under the Home Mortgage Disclosure Act.

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