Congressman Gary Miller (R-Calif.) announced on Wednesday he plans to retire from Congress at the end of his current term.
Miller, vice chairman of the House Financial Services Committee, has supported legislation affecting credit unions including The Regulatory Relief for Credit Unions Act. Miller introduced the bill last year, which would establish a risk-based capital system for credit unions, authorize the NCUA to delay or modify CFPB regulations, and provide further regulatory relief measures.
“Credit unions play a unique role in our economy. Unlike other financial institutions, they are cooperatives and exist to serve their member-owners, not outside stockholders,” Miller said in April of last year.
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