Berger, Weiss talk housing reform, online lenders

first_imgNAFCU President and CEO Dan Berger on Thursday met with the Treasury Department’s Antonio Weiss to discuss the credit union perspective on housing finance reform, online marketplace lenders and credit score models.Weiss reiterated comments from his December 2015 speech to the Consumer Federation of America, where he noted “expanding a future housing finance system to include smaller institutions has benefits beyond safeguarding the economy. Community banks, credit unions, and local lenders are closer to many borrowers outside the purview of the largest lenders. They are in a unique position to assess and address the credit needs of their customer base.”During that speech, Weiss also indicated that the Obama administration stands behind a set of core principles for housing finance reform that include maintaining a level playing field for credit unions.Berger and NAFCU staff emphasized the importance of credit unions’ guaranteed access to the secondary market and fair pricing based on loan quality instead of volume. Berger noted: “NAFCU is confident that continued cooperation with Treasury will ensure housing finance reform that allows credit unions to continue to play their important role in the housing market.” continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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