In a consolidating industry, regulatory relief is a necessity, NAFCU leader urges.
The loss of more credit unions is at stake if regulatory burdens do not ease up.
Trade group also cites national data security as a pressing concern.
Read what four actions the Republican-controlled Senate may take in the next Congress.
Credit union trade associations push the Senate to pass a number of bills already approved by the House.
Trade associations tell the FHFA g-fee increases should be a matter of risk management, not politics.
A bill that would phase-out Fannie and Freddie is unlikely to pass a full Senate vote.
However, Democratic opposition could prevent the bill from a full Senate floor vote.
Credit union taxation and opposition to raising the MBL cap among talking points.
A new Senate plan would insure and regulate mortgage backed securities like credit union deposits.