The House Financial Services Committee on Thursday approved 22bills, many of which credit union trade groups say would providetheir institutions with relief from burdensome regulations.
“Most of these bills are aimed at helping smaller banks, creditunions and early growth companies,” panel Chairman Jeb Hensarling(R-Texas) said, as the panel opened the two-day markup onWednesday. “These are goals that every Democrat and Republican onthis committee has said they support.”
While some of the bills gained Democratic support, others wereapproved along partisan lines, with Democrats saying the billswould loosen regulations too much.
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