A bill that could reduce the ability of the CFPB and NCUA toissue new regulations has “a little bit” of traction, said NAFCUVice President of Legislative Affairs Brad Thaler.
NAFCU officially threw its support behind the bill Monday.
S. 3468 was introduced by Sens. MarkWarner (D-Va.), Rob Portman (R-Ohio) and Susan Collins(R-Maine) in August. It would require independent agencies like theCFPB and NCUA to analyze the costs and benefits of new regulations and report them to theAdministration.
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