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.
CUNA and NAFCU: Regulatory relief proposals from the NCUA Board on Thursday will, in general, benefit credit unions.
NCUA chair balances calls for regulation against cries for relief.