The Dodd-Frank Act in its current state will be detrimental to all consumers, the group said, not just to credit union members.
The credit union leaders expressed their support for the bill H.R. 1081, which U.S. Rep. Shelley Moore Capito (R-W.Va.) has proposed to delay the Fed’s rule. Five congressional representatives from New York have already signed on as co-sponsors of the bill.
The credit union visitors included Mark Pfisterer, Ann Tyler, John Stevenson and Luis Marina from AmeriCU Credit Union; Vicky O’Neill from ACMG FCU; Mike Giles from CORE FCU; John Wakefield from Empower FCU; Christine Peters and Hugh Franklin from Family First of NY FCU; Marilyn Marra-Crolick from Focal Point FCU; Pamela Heald from Reliant Community FCU; Michael Vadala from The Summit FCU; Jack Houseknecht from Visions FCU and William J. Mellin and Michael Lanotte of the Credit Union Association of New York.