WASHINGTON — The Credit Union Regulatory Improvements Act (H.R. 1537) is at its highest level of co-sponsorship in its three-congressional session history and is finally getting a full committee hearing.
The bill–which would modernize credit unions' capital system, expand business lending authorities, and allow all types of federal credit union charters to adopt underserved areas–will be the subject of a House Financial Services Committee hearing March 6. An increase in voter participation for mutual savings bank conversions is also included in the bill, along with various other regulatory relief provisions and enhancements.
Congressman Brad Ellsworth (D-Ind.) was the most recent co-sponsor to sign onto the bill.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
