Legislative add-on that would have delayed the risk-based rule's implementation fails to advance past committee.
Two congressmen with records of backing bills that would benefit credit unions added to NAFCU rostrum roster.
Jerry Reed, chief lending officer from the $5.3 billion Alaska USA FCU, told lawmakers during a June 18 hearing on the Consumer Financial Protection Bureau’s qualified mortgage rule that products and product features were responsible for the mortgage market meltdown, not underwriting standards.
WASHINGTON — Alaska USA FCU's chief lending officer talks CFPB qualified mortgage rule fears with House panel.
Missouri Rep. Blaine Luetkemeyer's bill doesn't mention credit unions but would provide some regulatory relief, trades say.
Mississippi insurance commissioner makes that observation, while FEMA says agency continues to eye NFIP privatization.
Tuesday night action repeats lame duck session passage in House. Next up is Senate, which didn't act on measure last session.
House again to vote on eliminating annual mailing after measure passed last year but got no Senate vote.
Measure passed House last year but died in the Senate; now on lower chamber's schedule for vote next week.