WASHINGTON–America’s Credit Unions President/CEO Scott Simpson, Senior Vice President of Advocacy Greg Mesack, and Head of Regulatory Advocacy James Akin met with Treasury and National Economic Council leaders on Thursday.
“Today’s discussions with Treasury and the National Economic Council were productive and focused on advancing policies that expand opportunity and strengthen financial security,” Simpson said in a statement. “Credit unions are well positioned to support priorities like Trump Accounts, a stable and affordable housing finance system, and community investment through the CDFI Fund. We deeply appreciate the Administration’s engagement and look forward to continued collaboration to ensure economic growth and freedom.”
Meeting at Treasury
At Treasury, the credit union delegates met with Treasury Under Secretary for Domestic Finance Jonathan McKernan. McKernan, who previously had been nominated for CFPB director prior to his Treasury appointment, advises the administration on the domestic financial system, fiscal policy, and operations., America’s Credit Unions stated.
According to the trade group, the meeting addressed the importance of allowing credit unions to be authorized Trump account providers, shared the credit union perspective on be authorized Trump Account providers, shared the credit union perspective on potential Fannie Mae and Freddie Mac reforms and Bank Secrecy Act reforms, as well as the implementation of the GENIUS Act.
McKernan, who spoke at Congressional Caucus earlier this year, told America’s Credit Unions that Treasury has heard credit unions’ fraud concerns “loud and clear,” America’s Credit Unions reported.
It said discussions were also held related to the Community Development Financial Institution (CDFI) Fund.
Meeting With Special Assistant to the President
Separately, the credit union representatives also met with Special Assistant to the President for Economic Policy Jeff Wrase, who serves on the White House National Economic Council, and who advises the administration on both U.S. and foreign economic policy.
The trade group said Simpson reiterated America’s Credit Unions’ strong support for a full three-member board to lead an independent NCUA, “noting several constraints with the current board of a single chairman.”
The group also shared credit union Trump Account and CDFI Fund priorities.
Below, Jeff Wrase, left, with Scott Simpson.
