Burdensome call reports are also a problem for credit unions, says a credit union executive at an NCUA Listening Session.
Bills would grant NCUSIF coverage for IOLTAs, privately-insured credit unions FHLB access, and more input on CFPB rural areas.
Three bills that would provide regulatory relief for credit unions are on Tuesday's House floor vote schedule.
Sen. Dan Coats (R-Ind.) says bill would provide relief to credit unions and community banks.
NAFCU, CUNA say regulatory impact is real and growing, despite NCUA testimony on Tuesday.
WASHINGTON — CUNA President/CEO Bill Cheney also tells GAC he has never been more optimistic for the credit union industry.
CUNA, NAFCU line up credit union CEOs for April 10 session with House Financial Services Committee.
Industry trade associations shrugged off the exclusion. CUNA lobbyist says "those amendments never go anywhere."
Slowed pace of proposed and finalized regs resulted in three canceled monthly meetings in 2012.
A bill that could reduce the ability of the CFPB and NCUA to issue new regulations has some traction, NAFCU's chief lobbyist said.