A Financial Services Committee hearing exposes the negative effects CFPB rules have had on credit unions.
Rep. Randy Neugrbauer (R-Texas) introduces a bill that would replace CFPB Director Richard Cordray with a five-person commission.
The House reauthorizes the Terrorism Risk Insurance Act, which also guarantees a Federal Reserve Board spot for a community banker, but no credit union parity.
Report details three key areas the bureau must improve.
WASHINGTON — Rep. Mick Mulvaney (R-S.C.) said he disagreed with the CFPB's decision to spend more than $5 million to retroactively raise employee performance ratings from the last two years.
Read how the midterms could affect credit union legislation and regulation.
Almost 75% of the U.S. House of Representatives sign a letter requesting changes to the NCUA's risk-based capital proposal.
Three bills that would provide regulatory relief for credit unions are on Tuesday's House floor vote schedule.
House Financial Services subcommittee targets two CFPB managers and a union VP who refused to testify April 2.
NCUA General Counsel Mike McKenna on April 9 clarified the NCUA's position on risk-based capital and supplemental capital.