The Senate Banking Committee on Tuesday is slated to mark up its version of a regulatory overhaul bill for financial institutions—legislation that is supported by credit union trade groups.
The bill calls for exempting one-to-four unit, non-owner occupied residential loans from a credit union's member business lending cap.
The legislation also would exempt depository institutions that have originated fewer than 500 open-end lines of credit and closed-end mortgages in the past two years from certain Home Mortgage Disclosure Act requirements.
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.
