In keynote remarks at America’s Credit Unions’ 2026 Congressional Caucus, U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Tim Scott emphasized modernizing credit union board rules and ensuring credit unions can benefit from financial innovation. He called for credit unions to have a role in the committee’s policy discussions as markets evolve. Scott also highlighted credit unions’ role in financial literacy and expanding access to homeownership and small business opportunities. He urged credit union members and volunteers to communicate their priorities to industry representatives and lawmakers.
2026-09-18U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Tim Scott supports modernized credit union board rules and access to financial innovation
U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Tim Scott backed modernized credit union board rules and access to financial innovation. He also emphasized credit unions’ role in financial literacy, homeownership and small business opportunities, and called for members’ views to inform the committee’s work.