STATEMENT from America's Credit Unions on Sen. Warren's American Housing and Economic Mobility Act

Jim Nussle

“While America’s Credit Unions has concerns with the American Housing and Economic Mobility Act, we commend Senator Warren’s desire for housing reform in our country. We thank her for keeping Community Reinvestment Act language that harms credit unions out of this bill, and understanding how these additional regulatory and financial burdens would create difficulties for credit unions as well as the 140 million Americans they serve.
 
Today’s news is a culmination of incredible coordination within the industry to successfully tell the story of credit unions fulfilling their fundamental duties of serving the underserved. As banks continue to chase profits, close their doors, and leave communities behind, credit unions will always hold themselves to a higher standard, and it’s clear that lawmakers understand and appreciate the credit union difference. This is a win for our industry, but the work continues until every American can live their best financial lives by choosing to trust credit unions.”

​– America’s Credit Unions President/CEO Jim Nussle

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