A bill added to the financial services appropriation bill would allow bank regulators to exempt small banks from some regs.
Legislation would alter the CFPB's governance structure and move its funding into the Congressional budget process.
NCUA Director of Examination and Insurance Larry Fazio answers questions on RBC2 and budget hearings.
Proposed amendment would establish a reserve fund to help cover disproportionate regulatory burdens on CUs.
Exempting 77% of credit unions from a rule creates a two-tiered regulatory system.
Burdensome call reports are also a problem for credit unions, says a credit union executive at an NCUA Listening Session.
NAFCU, CUNA say regulatory impact is real and growing, despite NCUA testimony on Tuesday.
Credit unions executives located in or near Rep. Gary Miller’s (R-Calif.) district in Southern California voiced their approval of a bill introduced by the House Financial Committee leader on June 28.
Trade lobbyist says member business lending cap would be too controversial to be in California congressman's bill expected to drop this week.
Missouri Rep. Blaine Luetkemeyer's bill doesn't mention credit unions but would provide some regulatory relief, trades say.