WASHINGTON — Even as the question of whether credit unions should have a community reinvestment component to their regulation reappears on the national agenda, credit unions remain unified in responding “no.”

“Credit unions were not included under CRA [the Community Reinvestment Act] because there has never been any evidence that credit unions have engaged in these illegal and abhorrent activities,” wrote NAFCU CEO Fred Becker to the House Financial Services Committee on the eve of a mid-February hearing the committee held on the 30th anniversary of the act.

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