SAN FRANCISCO — Fresh off the fight over debit interchange fees, NAFCU is now focusing its attention on goals such as trying to influence the shape of housing finance reform, preventing the taxation of credit unions and persuading lawmakers to approve stronger rules to prevent data breaches.
NAFCU Executive Vice President for Government Relations Dan Berger said Congress could be less activist after next year's elections, which would help credit unions, if the Republicans take control of the Senate after next year's elections. He said he predicts that will happen but warned that "Republicans are completely and utterly capable of screwing that up."
Berger noted that while the Republicans who control the House have supported changes to the structure and funding mechanisms of the Consumer Financial Protection Bureau those aren't likely to pass the Senate as long as Democrats control that chamber.
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