CUNA and NAFCU say the legislation is a small step toward regulatory relief for credit unions.
Trades say the bill lacks a provision for retailer financial liability.
House Financial Services Committee gives the green light on a group of bills.
The House Financial Services Committee advances privacy notice and other credit union-friendly legislation.
Bethpage FCU takes proactive steps to introduce supplemental capital legislation that now has momentum.
If passed, credit unions will be able to accept other forms of capital under certain conditions.
Had the RBC rule been in effect in 2009, NAFCU says more credit unions would have struggled to remain well-capitalized.
If passed, the law would adjust the definition of points and fees under the Truth in Lending Act.
NAFCU and CUNA prepare to protect tax exemption this year in anticipation of possible tax reform.
CUNA and NAFCU write Congress in support of a bill that would require a study of Reg D effects on institutions and consumers.