The regulatory overhaul being proposed by House Financial Services Chairman Jeb Hensarling (R-Texas) should be considered a starting point for legislation to repeal the Dodd-Frank Act, CUNA President/CEO Jim Nussle told the House panel Tuesday.

"We think this is a good place to start," Nussle said, in the first hearing on Hensarling plan, dubbed the CHOICE Act. He added, "We know this is a work in progress."

In written testimony, Nussle said that CUNA supports much of the legislation, but is still reviewing the massive plan and will inform the panel of the association's objections.

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