Read what four actions the Republican-controlled Senate may take in the next Congress.
Credit union trade associations push the Senate to pass a number of bills already approved by the House.
Trade associations tell the FHFA g-fee increases should be a matter of risk management, not politics.
A bill that would phase-out Fannie and Freddie is unlikely to pass a full Senate vote.
However, Democratic opposition could prevent the bill from a full Senate floor vote.
Credit union taxation and opposition to raising the MBL cap among talking points.
A new Senate plan would insure and regulate mortgage backed securities like credit union deposits.
Heading into the GAC, legislative priorities for credit unions include protecting the tax-exempt status, data security and housing finance reform.
CUNA SVP of Legislative Affairs Ryan Donovan says tax reform decisions are currently being made behind the scenes on Capitol Hill.
Bill Hampel, senior vice president and chief economist at CUNA, told Congress Nov. 5 his trade association supports the Corker-Warner bill's general approach to housing finance reform, but he suggested several areas in need of improvement.