CHOICE Act passes House

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 […]

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.”
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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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