The Credit Union National Association is threatening to strongly oppose the House financial regulatory reform bill slated to be voted on later this week if a “cram-down— amendment that would allow judges to modify mortgages isn’t struck down.CUNA President Dan Mica sent a letter to House Rules Chairwoman Louise Slaughter (D-N.Y.) on Tuesday calling cram-down a “controversial and bitterly divisive— issue.“Its adoption as part of the legislation would force credit unions to strongly oppose the broader regulatory restructuring bill,— Mica wrote.The National Association of Federal Credit Unions is also pushing against the measure, according to association lobbyist Dan Berger. Berger, senior vice president of government affairs, said in an e-mail that the NAFCU has also “floated the same compromise as before of applying the provision to just the predatory subprime loans.—Ten financial services-focused trade groups — including the American Bankers Association, the American Financial Services Association and the Independent Community Bankers Association — also sent a letter Tuesday to Speaker Nancy Pelosi (D-Calif.) and House Minority Leader John Boehner (R-Ohio) opposing the provision.“The housing market continues to be unstable and enacting cram down legislation would make things worse by adding even more risk to the mortgage market, effectively undermining efforts by Congress and the Administration to stabilize the housing market,— the associations wrote.