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U.S. Capitol building.

Saying they’ve decided that credit unions shouldn’t be subject to the Community Reinvestment Act after all, key House and Senate Democrats on Wednesday announced they are reintroducing legislation intended to provide up to 3.2 million new housing units for low and middle-income families.

The change in the bill led CUNA to immediately endorse the plan being spearheaded by Sen. Elizabeth Warren (D-Mass.) and two other Democrats in the Senate and by Rep. Cedric Richmond (D-La.) and 14 other Democrats in the House.

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David Baumann


Credit Union Times

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