Yesterday, the House of Representatives passed the Financial CHOICE (Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs) Act by 233-186.  Rep. Jeb Hensarling’s (R-Texas) legislation contains regulatory relief provisions that benefit credit unions and their members. Credit union advocates have been staunch supporters of Hensarling’s efforts.
“We applaud the House of Representatives for passing the Financial CHOICE Act, and we appreciate Chairman Hensarling’s leadership on this issue,” said Jim Nussle, CUNA president/CEO. “This bill represents a big win for credit unions and their members. And, as the debate moves to the Senate, we will continue to play offense to ensure Congress enacts common-sense legislation that improves the operating environment for credit unions to more fully serve their members.”