A bill that would establish an ombudsman outside of the NCUA to handle exam appeals was reintroduced in both the House and Senate on Monday.
Sens. Jerry Moran (R-Kan.) and Joe Manchin (D-W.Va.) again sponsored the Exam Fairness and Reform Act in the upper chamber, designated S. 727. During the 112th Congress, the Moran and Manchin-sponsored bill picked up 14 co-sponsors, all Republicans except for Manchin. So far this year, the two are the only sponsors.
The bipartisan team of Reps. Shelley Moore Capito (R-W.Va.) and Carolyn Maloney (D-N.Y.) also returned from the 112th Congress to sponsor H.R. 1553. The bill has already picked up 27 co-sponsors, and like in the last Congress, the support is mostly Republican, with 22 Republican co-sponsors compared to five Democrats.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
