Today, the Defense Credit Union Council (DCUC) thanked Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott (R-SC) and Ranking Member Elizabeth Warren (D-MA) for their leadership in the nomination hearings for the incoming Directors of the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB).
Given the significant role these agencies play in financial stability and access to credit, DCUC urged the Committee to ensure that nominees prioritize a balanced regulatory environment that supports military service members, veterans, and their families.
In its letter, DCUC shared key questions to be asked of the nominees for the Committee’s consideration, focusing on regulatory relief, access to affordable homeownership, and preservation of essential financial services for military families, to ensure credit unions have a meaningful voice in policy decisions.
“DCUC appreciates the Committee’s ongoing commitment to financial institutions that serve the military community, and we stand ready to work with you to ensure that any policy changes foster a strong, service-oriented financial sector,” says Jason Stverak, DCUC Chief Advocacy Officer.
For more information, please contact Jason Stverak at jstverak@dcuc.org and visit dcuc.org/advocacy.