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Shelley Moore CapitoWASHINGTON – Speakers who represented influential members of Congress for credit unions closed out the final day of CUNA’s Governmental Affairs Conference here Wednesday morning. Most speakers were either sponsors of credit union legislation or leaders of financial committees.

Rep. Shelley Moore Capito (R-W.V.) is chairwoman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. She could gain even more clout on Capitol Hill later this year if she is successful in her run for the U.S. Senate, attempting to fill the seat left vacant by longtime Sen. Jay Rockefeller, who announced his retirement in late 2012.

Capito said she’s still concerned about the effect the Consumer Financial Protection Bureau’s qualified mortgage rule will have on banks and credit unions. She said the House Financial Services Committee will continue to keep a close eye on the rule.

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