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 a House panel July 12.

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

In written testimony, Nussle said 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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