From loss of business to long-term impact on communities, executives testify on CFPB’s qualified mortgage rule.
The House Financial Services Committee Chairman says reducing regulatory burden on community financial institutions is a priority.
Financial institutions pay $4.6B in enforcement action-related penalties in 2014, according to compliance firm.
New CUNA CEO Jim Nussle has Capitol Hill connections and credit unions are hungry for a win.
If amendment is added to Senate TRIA bill, a community banker would join the Federal Reserve Board.
Briefing includes a regulatory self-assessment of supervisory policies and procedures.
Credit union taxation and opposition to raising the MBL cap among talking points.
Community bank lobby says report shows strengths as well as impacts of economic and regulatory headwinds.
Missouri Rep. Blaine Luetkemeyer's bill doesn't mention credit unions but would provide some regulatory relief, trades say.
Small bank trade pushing hard for Congress to extend FDIC coverage of noninterest-bearing transaction accounts before it expires Dec. 31.