U.S. Rep.

Mulvaney Pays Visit to SAFE Federal Credit Union

Promising changes regarding federal financial industry regulation, U.S. Rep. Mick Mulvaney visited
SAFE Federal Credit Union this week for input on how the regulatory landscape can be improved.
Sumter, SC, December 02, 2016 --(PR.com)-- In a visit to SAFE Federal Credit Union this week, U.S.
Rep Mick Mulvaney said that with Republican control of both houses of Congress and an incoming
Republican president, we can start making some changes.
Mulvaney, recently re-elected to his fourth term, is a member of the House Financial Services Committee
and a high-profile supporter of credit unions. He is helping lead the charge toward repeal of the financial
industry regulation known as Dodd-Frank, which many financial institutions consider a burden.
Mulvaney visited with SAFE President and CEO Beverly Gagne and other SAFE executives, and
promised a raft of regulatory rollbacks. He said those rollbacks will include recently imposed
regulations as well as the power of the controversial Consumer Financial Protection Bureau.
He pointed to the Financial CHOICE Act, the Republican plan to replace Dodd-Frank and promote
economic growth, and said the biggest battle will likely be over the Durbin amendment to Dodd-Frank
that puts a cap on interchange fees for debit and credit card transactions.
There will be a very high profile fight over Durbin, and I will be fighting for repeal, Mulvaney said.
As one of the largest credit unions in Congressman Mulvaney's district, we very much appreciated the
opportunity to provide insight and perspective to him, Gagne said. We hope he will be successful in
promoting change that improves the environment for credit unions and their members.
About SAFE Federal Credit Union
SAFE Federal Credit Union, founded in 1955, is the largest credit union based in the Midlands, with
nearly $1 billion in total assets, 112,000 members, and 19 branches. Membership is open to anyone who
lives, works, worships, or goes to school in Sumter, Lee, Clarendon, Florence, and Orangeburg counties,
as well as parts of Kershaw, Richland, and Lexington counties. Membership is also open to employees of
more than 500 companies located throughout the Midlands and relatives of those eligible to join. Connect
with us at http://www.SAFEfed.org, on Facebook.com/SAFEfederalcreditunion or @SAFEFCU

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Contact Information:
SAFE Federal Credit Union
Kevin Tanzillo
903-865-1078
Contact via Email
SafeFed.org

Online Version of Press Release:

You can read the online version of this press release at: http://www.pr.com/press-release/697392

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