The Republican-led House of Representatives passed a group of bills last week supported by CUNA and NAFCU.
CUNA and NAFCU say the legislation is a small step toward regulatory relief for credit unions.
Proposed amendment would establish a reserve fund to help cover disproportionate regulatory burdens on CUs.
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.
Credit union regulatory relief bills scheduled for markup, including one that simplifies privacy notification requirements.
How much have the credit union challenges changed in 25 years?
Credit union leaders and other stakeholders should proceed with caution when asking Congress for field of membership changes.