Removing Barriers Blog

Letter of support sent for H.R. 2852 and H.R. 281 prior to HFSC markup
Posted July 11, 2019 by CUNA Advocacy

Prior to the House Financial Services Committee's markup today, CUNA wrote in support of two of the bills marked up.

H.R. 2852, the Homebuyer Assistance Act of 2019
If enacted this legislation would ensure the Federal Housing Administration’s appraiser requirements are identical to those currently employed by Fannie Mae and Freddie Mac concerning licensed appraisers. As a result, credit unions would be able provide members with more choices for federally-backed loans without any concerns that an appraisal will not satisfy a program’s requirements due to their differing appraiser certification standards. H.R. 2852 passed the Committee by a voice vote. 

H.R. 281, the Ensuring Diverse Leadership Act of 2019
The Ensuring Diverse Leadership Act of 2019 would require the Federal Reserve Banks to interview at least one candidate reflective of gender diversity and one candidate of racial or ethnic diversity when appointing presidents.  Since the Federal Reserve’s inception in 1913, only seven women have served as reserve bank presidents, with Janet Yellen being the only female to serve as chair of the Federal Reserve Boar.