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Trump Meets with Credit Union Advocates on Lending Rules - ABI

Credit union advocates met with President Trump yesterday to rally White House support behind a bill to loosen Dodd-Frank Act financial rules, The Hill reported. Trump hosted top credit union CEOs and lobbyists this afternoon, including representatives from the Credit Union National Association (CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU). The advocates pressed Trump on a bipartisan Senate bill to loosen Dodd-Frank rules, attendees said. While the bill from Sen. Mike Crapo (R-Idaho) is focused on exempting dozens of banks from stricter federal oversight, it also rolls back restrictions on lending across the financial sector. The Senate is expected to vote on the bill within the next two weeks.

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