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.
As drought-stricken businesses across the country are in dire need of assistance, the Obama administration asked the regulators to find ways to provide aid. The NCUA responded by informing 1,003 credit unions of their eligibility for low-income designation and allowing them to opt-in rather than slogging through paperwork.