Community banks and CUs spend more than $1 per transaction in teller labor costs, software firm study says.
Proposed amendment would establish a reserve fund to help cover disproportionate regulatory burdens on CUs.
House Financial Services Committee gives the green light on a group of bills.
Sen. Elizabeth Warren (D-Mass.) vows to oppose any changes that restrain the CFPB.
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.